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Warr Company is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's projected IRR can

Warr Company is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's projected IRR can be less than the WACC or negative, in both cases it will be rejected.

Year

Cash flows

0 -$1540
1 $400
2 $400
3 $400
4 $400

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