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The Steel Factory is considering a project that will produce annual cash flows of $42,500 in Year 1, $35,300 in Year 2, $30,214 in Year

The Steel Factory is considering a project that will produce annual cash flows of $42,500 in Year 1, $35,300 in Year 2, $30,214 in Year 3, and $55,636 in Year 4. What is the internal rate of return if the company has to invest $123,345 at the start of the project?

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