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What is the difference in the Required Rate of Return and the Internal Rate of Return given the following information? Required Rate Return = 11%

What is the difference in the Required Rate of Return and the Internal Rate of Return given the following information?

Required Rate Return = 11%

Project Initial Cost = $3,000,000

Year 1 Cash Flow = $500,000

Year2 Cash Flow = $1,700,000

Year3 Cash Flow = $1,600,000

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