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The Chilly Corporation is considering an investment that will cost $920,000 today. The investment will produce cash flows of $450,000 in Year 1, then $270,000

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The Chilly Corporation is considering an investment that will cost $920,000 today. The investment will produce cash flows of $450,000 in Year 1, then $270,000 in Years 2-4, and finally $200,000 in Year 5. The discount rate that the firm uses for projects of this type is 11.25%. The IRR for this investment is: Select one: O a. 21.3% b. 27.3% O c. 16.0% O d. 20.5%

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