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What is the internal rate of return for the following set of cash flows? Year Cash Flow 0 -60000 1 20000 2 20000 3 40000

What is the internal rate of return for the following set of cash flows? Year Cash Flow 0 -60000 1 20000 2 20000 3 40000 4 40000 Answer Choices: a. 8.6% b. 15.9% c. 28.3% d. 29.5% e. 39.4%

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