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Question
Given the following annual net cash flows, determine the internal rate of return to the nearest whole percent of a project with an initial outlay of $750,000.| Year | Net Cash Flow |
| 1 | $500,000 |
| 2 | $150,000 |
| 3 | $250,000 |
A) 9%
B) 11%
C) 13%
D) 15%
Answer
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