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A project has an initial cost of $25,400 and cash flows of -$3,200, $6,900, $17,800, and...

A project has an initial cost of $25,400 and cash flows of -$3,200, $6,900, $17,800, and -$400 for Years 1 to 4, respectively. How many IRR's will this project have?

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Answer #1

There are 2 IRR because including initial cash outflow there are 2 changes of sign of cash flows.

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