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Roberts Manufacturing, Inc. is analyzing a new project that purifies sea water. Roberts has a WACC of 13% and a cost of debt of 8%.

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Roberts Manufacturing, Inc. is analyzing a new project that purifies sea water. Roberts has a WACC of 13% and a cost of debt of 8%. The CEO of Roberts Manufacturing makes all capital budgeting decisions based on internal rate of return. To assist in this decision-making process, calculate the IRR for the following project

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