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What is the IRR on an investment that has an initial cost of $ 6 3 , 1 0 0 and projected cash inflows of

What is the IRR on an investment that has an initial cost of $63,100 and projected cash inflows of $18,700, $38,600, and $34,100 for Years 1 to 3, respectively?
a.12.37%
b.19.10%
c.20.08%
d.13.92%
e.11.86%

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