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You are considering investing in a start up project at a cost of $280,000. You expect the project to return $800,000 to you in nine

You are considering investing in a start up project at a cost of $280,000. You expect the project to return $800,000 to you in nine years. Given the risk of this project, your cost of capital is 25%. The IRR for this project is closest to:

12.37%

14.65%

25.00%

11.45%

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