What is the IRR of the new? drug

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Question 1: XYZ Laboratories Ltd undertook an NPV analysis of a new therapeutic drug that it had recently developed. When using 16% as the discount rate, the new drug produced a negative NPV of £28,000. When using 9% as the discount rate, it produced a positive NPV of £50,000. What is the IRR of the new drug?

Reference no: EM132503274

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