Calculate the internal rate of return on this project

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Question - Shamrock Company is considering a long-term investment project called ZIP. ZIP will require an investment of $136,000. It will have a useful life of four years and no salvage value. Annual cash inflows would increase by $79,800, and annual cash outflows would increase by $38,300. In addition, the company's required rate of return is 9%. Calculate the internal rate of return on this project.

Reference no: EM133080345

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