Question: Corp. is considering a project that will provide a net cash inflow of $91,370 for the firm during the first year, and the cash flows

Corp. is considering a project that will provide a net cash inflow of $91,370 for the firm during the first year, and the cash flows are projected to grow at a rate of 4 percent per year forever. The project requires an initial investment of $1,200,000. What is the IRR of this project?

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