Question: You are considering a project with an initial cash outlay of $5000 and expected free cash flows of $3000,3000,2000,3000,3000,3000 and $2000 at the end of

You are considering a project with an initial cash outlay of $5000 and expected free cash flows of $3000,3000,2000,3000,3000,3000 and $2000 at the end of each year for 7 years. What is internal rate of return (IRR) on this project?

Group of answer choices

66.9054 %

53.5244 %

40.1433 %

13.3811 %

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