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Question 7 (5 points) A project has the following estimated values for the initial investment and annual operating cash flows. The firm has a required
Question 7 (5 points) A project has the following estimated values for the initial investment and annual operating cash flows. The firm has a required return (cost of capital) of 13%. What is the IRR for this project? Year Cash Flow 0 - $195,800 1 61,000 2 62,000 3 64,000 92,000 4 19.9% 21.2% 16.4% 14.7% 18.1%
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