Question: Consider a project having the following cash flows. Try to find the IRR of this project without simply guessing. What problem arises? What is the

Consider a project having the following cash flows. Try to find the IRR of this project without simply guessing. What problem arises? What is the IRR of this project? Does the project have a unique IRR?Year 1 -$70,000 Year 2 $12,000 Year 3 $15,000

Year 1 -$70,000 Year 2 $12,000 Year 3 $15,000

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