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Robert Produce Market is considering an expansion project with an intal cost of $196.500. The project will not produce any cash flows for the first

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Robert Produce Market is considering an expansion project with an intal cost of $196.500. The project will not produce any cash flows for the first year. Starting in Year 2. the project will produce cashiniows or $127.500 a year for three years. This project is risky, so the firm has determined the appropriate discount rate is 15.5 percent. What is the projects internal rate of return Round your answer and enter it ou a decimal to 2 places. Do NOT Use a sign. For example, if the answer is 12.34% enter your answer os 12 Numer Response

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