What is the project rate of return

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Question - An investment of $5,200 in a piece of equipment generates the following operating flows during the 4 years of its useful life: year 1 = $2,900; year 2 = $2,600; year 3 = $2,100; year 4 = (-) $400. Plus, at the end, you get back $520 from the team (along with the flow from year 4). If the minimum rate of return is 10%, what is the project's rate of return (IRR)?

Reference no: EM133127098

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