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Deep Waters, Inc. is using the internal rate of return (IRR) when evaluating projects. Find the IRR for the company’s project.

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Deep Waters, Inc. is using the internal rate of return (IRR) when

evaluating projects. Find the IRR for the company’s project. The initial outlay for the project is $322,600. The project will produce the following after-tax cash inflows of

Year 1: 145,300

Year 2: 2,500

Year 3: 162,200

Year 4: 170,600

Round the answer to two decimal places in percentage form.

 
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