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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 $397,100. The project will produce the following after-tax cash inflows of Year 1: 158,300 Year 2: 134,300 Year 3: 195,800 Year 4: 182,000 Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box)

Financial Management, Finance

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