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Suppose a project requires an initial investment of $2M at period t=0. After the end of the first year, it starts generating cashflows of $0.4M
Suppose a project requires an initial investment of $2M at period t=0. After the end of the first year, it starts generating cashflows of $0.4M forever (i.e., at t=1, 2, 3, , ). What is the IRR of this project?(Please write as decimal, e.g., 0.124 represents 12.4%)
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