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Watson Clinic is evaluating a project that costs $52,125 and has expected net cash inflows of $12,000 for eight years. The first inflow occurs one

Watson Clinic is evaluating a project that costs $52,125 and has expected net cash inflows of $12,000 for eight years. The first inflow occurs one year after the cost outflow, and the project has a cost of capital of 12 percent. What is the projects IRR?

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