What is the irr of project-lazard inc

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Lazard Inc. is considering a new inventory system that will cost $375,000. The system is expected to generate $175,000 in year one, $125,000 in year two, $85,000 in year three, and $150,000 in year four. Lazard's required rate of return is 10%. What is the IRR (Internal Rate of Return) of this project?

Reference no: EM132595067

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