Write down the equation used to solve for the irr

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Question - Given the popularity of IRR, Casey has decided to use it to evaluate a project. The cash flows from the project will be $40k, $42k and $28k in years 1 through 3. After that the project will have cash flows of $20k per year, forever. The project's initialcost is $450k and the opportunity cost/hurdle rate is 7%. Write down the equation used to solve for the IRR (do not solve for the actual IRR).

Reference no: EM133177033

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