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Consider the following project being analyzed for possibleinvestment at ABC Corp. Initial Cost –$50 Inflow Year 1 $15 InflowYear 2 $15 Inflow Year 3 $20 Inflow Year 4 $10 Inflow Year 5 $10All amounts are in millions. The required return for the project is8%. The project’s IRR is: (Enter your answer without a leadingdollar sign out to four decimal places and in abbreviated millions.As an example, you would enter 5.42% as 0.0542.)
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