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Suppose Shelley's Software Company is considering a project that requires an initial investment of $3,000,000. If the project will produce an annual cash flow of

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Suppose Shelley's Software Company is considering a project that requires an initial investment of $3,000,000. If the project will produce an annual cash flow of $480,000 for 8 years, what is this project's IRR? State your answer as a percentage with two decimals, X.XX%

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