What is the approximate irr for project

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Hamidi, Inc. is considering a four-year project that has an initial outlay or cost of $80,000. The future cash inflows from its project are $40,000, $40,000, $30,000, and $30,000 for years 1, 2, 3 and 4, respectively. Hamidiuses the internal rate of return method to evaluate projects. What is the approximate IRR for this project?

Reference no: EM132459959

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