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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,

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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