Question: 19) A firm is considering a project that is expected to generate annual cash flows of $24,000 for 15 years. The project requires an initial

19) A firm is considering a project that is expected to generate annual cash flows of $24,000 for 15 years. The project requires an initial investment of $247,103.44. The cost of capital is 8.13%. What is the IRR of the project?

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