Deep Waters, Inc. is using the internal rate of return (IRR) when evaluating projects. Find the IRR
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Question:
Deep Waters, Inc. is using the internal rate of return (IRR) when evaluating projects. Find the IRR for the company's project. The initial outlay for the project is $459,900. The project will produce the following after-tax cash inflows of
Year 1: 187,400
Year 2: 132,200
Year 3: 120,100
Year 4: 196,400
Round the answer to two decimal places in percentage form.
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