Question: You are asked whether your company should undertake a certain project. You are told it will cost $10 million upfront to fund and it will

You are asked whether your company should undertake a certain project. You are told it will cost $10 million upfront to fund and it will cost the company 10%. The project is expected to generate cash flow of $5 million the first year, $4 million the second year, $3 million the third and $1 million in year 4. What is the IRR?

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