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You are considering investing in a start up project at a cost of $100,000. You expect the project to return $500,000 to you in seven
You are considering investing in a start up project at a cost of $100,000. You expect the project to return $500,000 to you in seven years. Given the risk of this project, your cost of capital is 20%. The IRR for this project is closest to:
a) 18.95% b) 25.85% c) 20.00% d) 15.60%
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