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12. What is the IRR (Internal Rate of Return) of a project that has an initial cost of $130m, expected to have $35m a year

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12. What is the IRR (Internal Rate of Return) of a project that has an initial cost of $130m, expected to have $35m a year in net revenues for the next four years, and then -$35m in year 5 to recover the land? A) 10.803% B) 3.032% C) multiple IRR D) 4% E) 10%

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