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Suppose a project costs $450 and produces cash flows of $100 over each of the following seven years. What is the IRR of the project?

Suppose a project costs $450 and produces cash flows of $100 over each of the following seven years. What is the IRR of the project?

Select one:

a. 18.6%

b. There is not enough information; a discount rate is required

c. 8.9%

d. 12.4%

e. 24.3%

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