What is the internal rate of return

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Tomaso Aviation Corp is considering a project that requires an initial investment of $1 million. The project generates an annual cash inflow of $0 for the first 10 years and 750,000 per year in year 11 through year 15. This firms required return for this project is 10%. What is the internal rate of return (IRR)?

Reference no: EM133253346

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