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Verizon Communications Inc. is contemplating investing in 5G infrastructure development. The investment is estimated to cost $1 billion over the next three years and is

Verizon Communications Inc. is contemplating investing in 5G infrastructure development. The investment is estimated to cost $1 billion over the next three years and is expected to generate annual revenues of $300 million once the infrastructure is operational. Calculate the internal rate of return (IRR) for Verizon's 5G infrastructure investment.

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