Determine the internal rate of return of this project

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Question - Randel Company is evaluating a capital expenditure proposal that has the following predicted cash flows:

Initial investment $45,110

Operation (cash inflow)

Year 1 20,640

Year 2 30,000

Year 3 10,000

Salvage value (sold at end of year 3) 4,000

Required - Determine the Internal Rate of return of this project.

Reference no: EM132980176

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