Question: The Dry Dock is considering a project with an initial cost of $107,770 and cash inflows for Years 1 to 3 of $37,200, $54,600, and

The Dry Dock is considering a project with an initial cost of $107,770 and cash inflows for Years 1 to 3 of $37,200, $54,600, and $46,900, respectively. What is the IRR? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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