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What is the internal rate of return for a project that is expected to cost 6,470 dollars today; produce a cash flow of 11,851.89 dollars
What is the internal rate of return for a project that is expected to cost 6,470 dollars today; produce a cash flow of 11,851.89 dollars in 8 years; and have a net present value of -1,075.84 dollars? Answer as a rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.
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