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You work as the chief financial officer for large waste management company located in the Midwest. You have an expansion opportunity that will cost your

You work as the chief financial officer for large waste management company located in the Midwest. You have an expansion opportunity that will cost your company $4.5 million up front. Starting in the first year after making the investment you expect net cash inflows from the project to be $360,000 indefinitely thereafter. What is the internal rate of return on this opportunity?

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