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Business, 15.04.2020 17:09 kennrecklezz

A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows:

Year Cash Flow

0 –$ 27,600

1 11,600

2 14,600

3 10,600

If the required return is 18 percent, what is the IRR for this project? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.)

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