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Suppose Shelleys 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

Suppose Shelleys 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 9 years, what is this projects IRR? State your answer as a percentage with two decimals

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