A proposed decommissioning project requires an initial cash outlay of $85,000 for equipment and an...

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A proposed decommissioning project requires an initial cash outlay of $85,000 for equipment and an additional cash outlay of $25,000 in Year 1 to cover operating costs. During Years 2 through 4, the project will generate cash inflows of $65,000 a year. What is the internal rate of return of this project? The answer cannot be determined, as there are multiple IRRs 23.42% 40.56% 48.38%

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