Question: First Quality, Inc is investigating a project with a projected investment of $325,000 at year 0, annual net cash inflows of $84,250 in Year

First Quality, Inc is investigating a project with a projected investment of

First Quality, Inc is investigating a project with a projected investment of $325,000 at year 0, annual net cash inflows of $84,250 in Year 1, $93,450 in Year 2, $118,300 in Year 3 and $112,400 in Year 4. The company has a cost of capital of 9.5%. Compute the IRR of this project.

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