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You are evaluating a project with an initial cost of $100,000 and generates earnings of $22,000 each year over the next 7 years. What is

You are evaluating a project with an initial cost of $100,000 and generates earnings of $22,000 each year over the next 7 years. What is the IRR?

Group of answer choices

9.64%

11.57%

12.13%

10.28%

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