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You purchase machinery for $20000 that generates after-tax cash flows of $10000 each year for 4 years. The cost of capital (WACC) is 12.59 percent.

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You purchase machinery for $20000 that generates after-tax cash flows of $10000 each year for 4 years. The cost of capital (WACC) is 12.59 percent. What is the IRR of this project (in percent)? Your Answer: Answer units

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