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Problem 1: Godfall Inc. is evaluating two mutually exclusive projects. The required rate of return on these projects is 6%. Calculate the internal rate of return for Project A. (Enter percentages as decimals and round to 4 decimals).
Year Project A Project B 0 -8,000,000 -3,250,000 1 2,000,000 850,000 2 2,000,000 850,000 3 2,000,000 850,000 4 2,000,000 850,000 5 2,000,000 850,000
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