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What is the internal rate of return on this new plant

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Microwave Oven Programming, Inc is considering the construction of a new plant. The plant will have an initial cash outlay of $7.6 million (= -$7.6 million), and will produce cash flows of $3.7 million at the end of year 1, $4.1 million at the end of year 2, and $1.6 million at the end of years 3 through 5. What is the internal rate of return on this new plant? 

Reference no: EM131018341

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