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(Related to Checkpoint 11.4) (IRR calculation) What is the internal rate of return for the following project: An initial outlay of $11,000 resulting in a

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(Related to Checkpoint 11.4) (IRR calculation) What is the internal rate of return for the following project: An initial outlay of $11,000 resulting in a single cash inflow of $16,540 in 7 years, The intemal rate of return for the project is \%. (Round to the nearest whole percent.)

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