Question: Management is considering developing new computer software. The cost of development will be $675,000, and management expects the net cash flow from sale of the

Management is considering developing new computer software. The cost of development will be $675,000, and management expects the net cash flow from sale of the software to be $195,000 for each of the next six years. If the discount rate is 14 percent, What is the IRR on this project? (Round answer to 3 decimal places,e.g. 15.221.)

IRR: _______ %

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