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Spence Company is considering a project that has the following cash flow data. What is the project's IRR? Year Cash flows 0 -$1.050 $300 2

Spence Company is considering a project that has the following cash flow data. What is the project's IRR? Year Cash flows 0 -$1.050 $300 2 $400 3 $400 4 $400 19.77% 17.64% 15.23% 21.20% 14.15%

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