Internal rate of return of project

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Consider the following project: Initial outlay = $25 million Year 1 expected cash flow = $5 million Year 2 expected cash flow = $15 million Year 3 expected cash flow = $20 million Project cost of capital = 8% The internal rate of return of this project is closest to (HINT: use excel =IRR() or a financial calculator):

Reference no: EM132003218

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