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What is the true IRR of the following project? Assume the firm would be able to reinvest the cash flows at a 7% rate of

What is the true IRR of the following project? Assume the firm would be able to reinvest the cash flows at a 7% rate of return. Year A 0 -1,000 1 600 2 400 3 400

Select one: a. 15.32% b. 14.00% c. 12% d. 14.21% e. 14.85%

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