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What is the IRR of a project with the following characteristics? Initial investment is $2,000,000 Initial investment is depreciated to $0 book value via straight-line

What is the IRR of a project with the following characteristics? Initial investment is $2,000,000 Initial investment is depreciated to $0 book value via straight-line over its 12 year life Project is expected to generate incremental sales of 1,900,000 per year, and incremental expenses of 1,400,000 per year There are no NWC or salvage cash flows The firm faces a 28% tax rate

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