What is the internal rate of return on project

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A project produces the following cash flows over the next five years: $600, $200, $350, -$400, and $500, respectively. The initial cost of the project is $1,400. What is the internal rate of return on this project?

--4.56%
-3.67%
-12.87%
-14.39% - NOT the correct answer
-The rate cannot be computed with certainty or there is more than one IRR

Reference no: EM132999013

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