Modern Refurbishing Inc. is considering a project that has the following cash flow data. What...
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Finance
Modern Refurbishing Inc. is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's IRR can be less than the WACC (and even negative), in which case it will be rejected.
| Year | 0 | 1 | 2 | 3 | 4 |
| Cash flows | -$930 | $300 | $290 | $280 | $270 |
Group of answer choices
8.66%
8.84%
8.39%
8.48%
9.04%
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