Question: Consider a project with an initial investment ( today , t = 0 ) of $ 3 7 5 , 0 0 0 . This

Consider a project with an initial investment (today, t =0) of $375,000. This project will generate cash flows of $60,000 per year for the next 8 years with no scrap value. What is the Internal Rate of Return (IRR) of the project? Answer in whole numbers, rounded to three decimal places.
Consider a project with an initial investment (today, t =0) of

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