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Robert's Produce Market is considering an expansion project with an initial cost of $196.500 The project will not produce any cash flow for the first
Robert's Produce Market is considering an expansion project with an initial cost of $196.500 The project will not produce any cash flow for the first year. Starting in Year 2. the project will produce cash inflows of $127500 a year for three years. This project is risky to the firm has determined the crate clocount rate 15.5 percent. What is the projects Internal rate of return? Round your answer and enter it as a decimal to 2 places. Do NOT use a sign. For example. If the answer is 17.34% enter your answer as 12 Numeric Response
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