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What is the approximate IRR for a project that costs $100,000 and provides cash inflows of $10,000 at year 1, and $30,000 at year 2,

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What is the approximate IRR for a project that costs $100,000 and provides cash inflows of $10,000 at year 1, and $30,000 at year 2, 3, 4, and 5? 6.90% 7.20% 8.40% 9.00% None of the above

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