Calculate the IRR for the following project. An outflow of ($14),000 in year 0 followed by an

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Calculate the IRR for the following project. An outflow of \($14\),000 in year 0 followed by an inflow of \($6\),000, \($7\),000, and \($7\),000 in one-year increments.

a 12.5%

b 18.5%

c 20%

d 21.5%

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