Question: Consider a project with an initial investment (today, t = 0) of $193,918.093. This project will generate cash flows of $37,500 per year for the

Consider a project with an initial investment (today, t = 0) of $193,918.093. This project will generate cash flows of $37,500 per year for the next 7 years with no scrap value. What is the Internal Rate of Return (IRR) of the project? Answer with a number rounded to three decimal places, e.g., 4.0877% should be entered as 4.088.

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