Question: The interest rate is 8% p.a. compounded annually. A project requires an investment of $1000 today. It pays $100 in 35 days, $200 in 64

The interest rate is 8% p.a. compounded annually.

A project requires an investment of $1000 today. It pays $100 in 35 days, $200 in 64 days, $300 in 100 days, and $450 in 300 days.

The IRR of this project is ____ % p.a. compounded annually.

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