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

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