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You buy a new piece of equipment for $11,070, and you receive a cash inflow of $3,000 per year for five years, what is the

You buy a new piece of equipment for $11,070, and you receive a cash inflow of $3,000 per year for five years, what is the Internal Rate of Return (IRR)?

Question 30 options:

10%

11%

8%

9%

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