You are considering a project that requires an initial investment of $115,000 with a cost...
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You are considering a project that requires an initial investment of $115,000 with a cost of capital of 9%. You expect the project to have a five-year life, and produce cash flows of $27,000 in year 1, $39,000 in year 2, $56,000 in year 3, $27,000 in year 4 and $10,000 in year 5. What is this project's IRR? 13.09% 11.32% 12.32% 11.61%
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