Question: Project A costs $3,800 up front, and its expected net cash inflows are as follows: $500 in year 1, $600 in year 2, $700 in

Project A costs $3,800 up front, and its expected net cash inflows are as follows: $500 in year 1, $600 in year 2, $700 in year 3, and $800 in each of years 4-10. The project's IRR is _________%.

Round your answer to 2 decimal places (example: if your answer is 12.3456%, you should enter 12.35).

Margin of error for correct responses: .03(%)

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