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Sevcan Bakery decided to buy a new oven for $13000. Using this new technology oven the owner expects to make extra $3000 for the first

Sevcan Bakery decided to buy a new oven for $13000. Using this new technology oven the owner expects to make extra $3000 for the first year $4000 for the second year and $5000 for the third and $6000 for the fourth year. What is the IRR of the project?

16.28%

12.78%

9.67%

6.88%

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