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Question
| Initial Outlay | Cash Flow in Period 1 | Cash Flow in Period 2 | Cash Flow in Period 3 | Cash Flow in Period 4 |
| $4,000,000 | $1,546,170 | $1,546,170 | $1,546,170 | $1,546,170 |
The Internal Rate of Return (to nearest whole percent) is
A) 10%.
B) 18%.
C) 20%.
D) 24%.
Answer
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