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Woodgate Inc. is considering a project with the following after-tax operating cash flows (in millions of dollars): Year Project Cashflow 0 -320 1 135 2

Woodgate Inc. is considering a project with the following after-tax operating cash flows (in millions of dollars):

Year

Project Cashflow

0 -320
1 135
2 110
3 100
4 200

* The project has a WACC of 10%

What is the project's IRR?

Group of answer choices

23.58%

23.42%

25.99%

24.44%

25.25%

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