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What is the true IRR of the project with the following cash flows if the firm would be able to reinvest the cash inflows at
What is the true IRR of the project with the following cash flows if the firm would be able to reinvest the cash inflows at a rate of return equal to 10%?
Year 0: -$400
Year 1: $100
Year 2: $200
Year 3: $300
The answer is 17.02 but my calculations are not getting me there using my financial calculator can someone show me the steps on how to solve this thank you
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