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You are considering investing in a project with an initial outlay of $50,000 and the following year end net cash flows; Yr1: $17,000, Yr2: $17,000,

You are considering investing in a project with an initial outlay of $50,000 and the following year end net cash flows; Yr1: $17,000, Yr2: $17,000, Yr3: $12,000, Yr4: $12,000, Yr5: $9,000. Calculate the projects IRR

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13%

12%

11%

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