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XYZ Company is considering a project that requires an investment of 1,000,000 as of today. The project is expected to return 400,000 in nine months

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XYZ Company is considering a project that requires an investment of 1,000,000 as of today. The project is expected to return 400,000 in nine months and 800,000 in eighteen months. Calculate the IRR of this project (expressed as an annual effective rate). Possible Answers A 8.96% B 9.51% 11.65% D 13.47% E 15.83%

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