What is project irr

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Consider a project that requires an investment today of $550,000, will pay the firm $120,000 at the end of each of the next 9 years (t = 1 through 9) and then at the end of the 10th year (t = 10) will pay $150,000. What is this project's IRR? Express your answer in decimal format, rounded and accurate to 4 decimal places. For example, if you find the IRR is 12.345% you should enter 0.1235.

Reference no: EM133002037

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