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Quick Sale Real Estate Company is planning to invest in a new development. The cost of the project will be $23 million and is expected

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Quick Sale Real Estate Company is planning to invest in a new development. The cost of the project will be $23 million and is expected to generate cash flows of $12,000,000 for each year over the next three years. The company's cost of capital is 24 percent. What is the internal rate of return on this project? 26% 24% 22% 20%

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