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S. Miller is looking to expand an existing project. The expansion requires an immediate investment of $73 million. S. Miller anticipates that the project will

S. Miller is looking to expand an existing project. The expansion requires an immediate investment of $73 million. S. Miller anticipates that the project will generate one future cash flow of $200 million that will arrive at the end of year 6, and only in that year. The company considers the required rate of return of the project to be 10.50%

Calculate the project's internal rate of return. Step By step:

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