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What is the internal rate of return for a project with the following cash outflows and inflows: Initial outflow = $40,000 End of year one
What is the internal rate of return for a project with the following cash outflows and inflows: Initial outflow = $40,000 End of year one inflow = $5,000 End of year two inflow = $22,000 End of year three inflow = $37,000 a. 21.06% b. 18.7% c. 23.3% d. Cannot be determined with information given.
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