(Related to Checkpoint 11.4)(IRR calculation)What is the internal rate of return for the following project:...
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(Related to Checkpoint 11.4)(IRR calculation)What is the internal rate of return for the following project: An initial outlay of $10,500 resulting in a single cash inflow of $27,094 in 11 years.
The internal rate of return for the project is _____%. (Round to the nearest whole percent.)
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