Question: Let's say you have a project that has an initial investment of $3 million and annual after-tax cash flows of $1 million for 5 years.

Let's say you have a project that has an initial investment of $3 million and annual after-tax cash flows of $1 million for 5 years. At the end of the project, you can sell the project for a profit but your net after tax proceeds are actually negative $1.066 million due to environmental clean-up costs. What is the IRR? Round to nearest percentage then no decimal places and use the % symbol.....8% would be the form of a correct answer.

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