For the project shown in the following table,

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,

calculate the internal rate of return

(IRR).

Then indicate, for the project, the maximum cost of capital that the firm could have and still find the IRR acceptable.

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Part 1

The project's IRR is

enter your response here

Initial investment

(CF0)

$100,000

Year

(t)

Cash inflows

(CFt)

1

$10,000

2

$15,000

3

$30,000

4

$40,000

5

$45,000