Question: XYZ is evaluating a project that would require an initial investment of $ 7 3 , 1 0 0 today. The project is expected to

XYZ is evaluating a project that would require an initial investment of $73,100 today. The project is expected to produce annual cash flows of $8,600 each year forever with the first annual cash flow expected in 1 year. The NPV of the project is $7,400. What is the IRR of the project?

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