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You are considering an investment opportunity that costs 900,000 today (t = 0) and will generate a cash flow of $175,000 every year forever. The

You are considering an investment opportunity that costs 900,000 today (t = 0) and will generate a cash flow of $175,000 every year forever. The first cash-flow of $175,000 is in one year (t = 1). What is the IRR of this investment opportunity?

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