Question: 58. Pluto Planet, Inc., has a project with the following cash flows. The company evaluates all projects by applying the IRR rule. Year Cash Flow
58.
| Pluto Planet, Inc., has a project with the following cash flows. The company evaluates all projects by applying the IRR rule. |
| Year | Cash Flow | ||
| 0 | $ | 28,400 | |
| 1 | 12,400 | ||
| 2 | 15,400 | ||
| 3 | 11,400 | ||
| What is the IRR for this project? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).) |
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