Question: Thank you so much for helping Beth Dutton is considering the purchase of a ranch for $62 million today. She expects the ranch will have

Thank you so much for helping

Beth Dutton is considering the purchase of a ranch for $62 million today. She expects the ranch will have no cash flows (positive or negative) for the next few years. However, at the end of year 11, she expects to sell the ranch for $198 million. Ms Dutton considers the required rate of return of the project to be 8% Calculate the project's internal rate of return

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