Question: 3a. Define Internal Rate of Return b. Proposed Project: Initial cash outlay = $37,500, no residual value Expected cash inflow = $10,000 per year

3a. Define Internal Rate of Return b. Proposed Project: Initial cash outlay

3a. Define Internal Rate of Return b. Proposed Project: Initial cash outlay = $37,500, no residual value Expected cash inflow = $10,000 per year for 5 years what is the IRR?

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