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Problem 4) Calculate the internal rate of return (to the nearest value available in your reference...

Problem 4) Calculate the internal rate of return (to the nearest value available in

your reference manual - no interpolation required) for the followtng 15 year project.

The project will initially cost $30,000, and will pay back nothing for the first 5-years.

It will thereafter pay back $6000/year at the end of each year for the next 10 years.

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