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You are considering the investment of $111,000 (today) in a lemonade stand. Also, you expect the stand to generate the following future cash flows: -
You are considering the investment of $111,000 (today) in a lemonade stand. Also, you expect the stand to generate the following future cash flows: - At the end of year 1: \$0 - At the end of year 2: \$0 - At the end of year 3: \$0 - At the end of year 4:$178,000 What is the IRR (Internal Rate of Return) of this project? (Answer to the nearest 0.01% )
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