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To enter project X you need to invest $6,200 at time 0. The project will produce cash inflows of $2,860 a year for three years,

To enter project X you need to invest $6,200 at time 0. The project will produce cash inflows of $2,860 a year for three years, and a cash flow of $3,300 in year 4. What is the projects IRR?

A.4%

B.19%

C.7%

D. There is no solution

E. 11.3%

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