Question: A project is expected to increase sales by $20,000 annually and increase expenses by $8,250 annually. The project is expected to cost $75,411 and

A project is expected to increase sales by $20,000 annually and increase

A project is expected to increase sales by $20,000 annually and increase expenses by $8,250 annually. The project is expected to cost $75,411 and last for 10 years. What is the IRR of the project? Round your answer to the nearest whole percentage.

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