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QUESTION 20 Modern Refurbishing Inc. is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's

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QUESTION 20 Modern Refurbishing Inc. is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's IRR can be less than the cost of capital (and even negative), in which case it will be rejected. Excel Link Year 0 1 2 3 4 Cash flows -$800 $250 $275 $300 $315 O 13.68% 14.09% O 14.24% O 14.75% O 15.16%

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