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Use the cash flows show below to calculate the internal rate of return (IRR) for Projects 1 and 2. Round your answer to two decimal
Use the cash flows show below to calculate the internal rate of return (IRR) for Projects 1 and 2. Round your answer to two decimal places.
Year | Project 1 | Project 2 |
0 | -$390 | -$380 |
1 | $190 | $150 |
2 | $110 | $160 |
3 | $110 | $130 |
4 | $310 | $360 |
a. IRR of Project 1:__ %
b. IRR of Project 2: __ %
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