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Suppose a project costs $390 and produces cash flows of $100 over each of the following six years. What is the IRR of the project?

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Suppose a project costs $390 and produces cash flows of $100 over each of the following six years. What is the IRR of the project? Select one: a. There is not enough information; a discount rate is required O b. 18.6% O c. 24.3% O d. 16.5% o e. 13.9%

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