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The SLM Co. is planning on investing in a new project. This will involve the purchase of some new machinery costing $350,000. The project is

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The SLM Co. is planning on investing in a new project. This will involve the purchase of some new machinery costing $350,000. The project is expected to generate cash inflows of $125,450 each year for 4 years. If the appropriate discount rate is 15.00%, what is the Internal Rate of Return (IRR) for this project? 15.00% 21.00% 24.30% 13,45% 16.15%

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