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Use the following cash flows to answer questions #6 - #10 below. Assume the required return is 13 percent. Year Cash Flows 0 -$90,000 1

Use the following cash flows to answer questions #6 - #10 below. Assume the required return is 13 percent.

Year Cash Flows
0 -$90,000
1 $19,000
2 $31,000
3 $42,000
4 $58,000

What is the IRR of this project? Round your final answer to at least 4 decimal places.

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