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A project has an initial outlay of $2,205. It has a single cash flow at the...

A project has an initial outlay of $2,205. It has a single cash flow at the end of year 7 of $4,737. What is the internal rate of return (IRR) for the project?

Round the answer to two decimal places in percentage form.

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Answer #1

Investment = 2,205
FV of 7 years = 4,737
IRR = (4737/2205)1/7-1 = 11.54%

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