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The Butternut Corporation is considering investing in a project with the year-end cash flows in the amounts of $57,000 in Yr 1, then $72,000 in

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The Butternut Corporation is considering investing in a project with the year-end cash flows in the amounts of $57,000 in Yr 1, then $72,000 in Yr 2, and finally $78,000 in Yr 3. If the initial cash outlay is $185,000, the IRR for this project is. a. 5.5% b. 8.0% O c. 14.7% d. 11.9%

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