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Robert's Produce Market is considering an expansion project with an initial cost of $176,500. The project will not produce any cash flows for the first

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Robert's Produce Market is considering an expansion project with an initial cost of $176,500. The project will not produce any cash flows for the first three years. Starting in Year 4, the project will produce cash inflows of $127,500 a year for three years. This project is risky, so the firm has determined the appropriate discount rate is 15.5 percent. What is the project's internal rate of return? 9.56% 17.88% 16.92% 11.56%

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