Project M has an initial required investment of $100,000. It will generate cash inflows of...
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Accounting
Project M has an initial required investment of $100,000. It will generate cash inflows of $30,000 per year in Year 1 and Year 2; $25,000 per year in Years 3, 4, and 5; and no cash flows in Year 6 and beyond. Calculate the internal rate of return of Project M. (If necessary, round your answer to the nearest one-hundredth of a percent)
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