Question: Boulderado has come up with a new composite snowboard.Development will take Boulderado four years and cost $250,000 per year, with the first of the four

Boulderado has come up with a new composite snowboard.Development will take Boulderado four years and cost $250,000 per year, with the first of the four equal investments payable today upon acceptance of the project.Once in production the snowboard is expected to produce annual cash flows of $300,000 each year for 10 years.Boulderado's discount rate is 10%.

Compute the IRR

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