Question: Middlefield motors is evaluating a project that would require an initial investment of 66,868 dollars today. The project is expected to produce annual cash flows

Middlefield motors is evaluating a project that would require an initial investment of 66,868 dollars today. The project is expected to produce annual cash flows of 7,503 dollars each year forever with the first annual cash flow expected in 1 year. The NPV of the project is -383 dollars. What is the IRR of the project? Answer as a rate in decimal format so that 12.34 would be entered as .1234 and 98% would be entered as .0098

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