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Suppose you are given the following set of cash flows: Initial outlay = -1,600 Year 1 free cash flow = 10,000 Year 2 free cash
Suppose you are given the following set of cash flows:
Initial outlay = -1,600
Year 1 free cash flow = 10,000
Year 2 free cash flow = -9,000
In theory, how many IRRs does this set of cash flows have?
a.0
b.2
c.1
d.3
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