Question: A project with the following expected cash flow pattern and a cost of capital of 1 0 % would have an IRR of approximately %

A project with the following expected cash flow pattern and a cost of capital of 10% would have an IRR of approximately
%.(Calculate to one decimal point.)
Initial Investment ($15,000)
Year 1 inflow: $3,000
Year 2 inflow: $5,000
Year 3 inflow: $3,000
Year 4 inflow: $2,000
Year 5 inflow: $2,000

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