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Redlion Corporation has a capital investment opportunity that will cost $230,000. The cash inflows from year 1 through year 10 will be $40,000 each year.

Redlion Corporation has a capital investment opportunity that will cost $230,000. The cash inflows from year 1 through year 10 will be $40,000 each year. The firms required rate of return Is 9%. What is the IRR for this project?

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