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Suppose a project has an initial outflow of $60,000. If the operating cash inflows of this project for years 1, 2 and 3 are $24,000;

Suppose a project has an initial outflow of $60,000. If the operating cash inflows of this project for years 1, 2 and 3 are $24,000; $24,000; and $24,000 respectively, calculate the IRR of the project.

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