Determine the internal rate of return or IRR

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Reference no: EM133002020

Problem 1: Determine the internal rate of return (IRR) for the following project. The project requires an initial investment of $1,100 and provides 5 annual cash inflows of $290. Assume a cost of capital of 13%.

a) 10.78%

b) 9.98%

c) 10.25%

d) 8.85%

Reference no: EM133002020

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