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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 0 1 2 3 4

Cash flows -$1540 $400 $400 $400 $400

a. 0.99% b. 4.13% c. 1.547% d. 3.58% e. 1.22%

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