(IRR) Ives Roche, a perfume and cosmetics store, is considering a new project, which costs $1,000,000 and...

Question:

(IRR) Ives Roche, a perfume and cosmetics store, is considering a new project, which costs $1,000,000 and is expected to last 15 years. The project will produce $150,000 cash flows per year. The discount rate is 10 percent. Calculate the project’s IRR.

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