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Problem:

Lowell Communications has been installing a fiber optic network at a cost of $18 million. The firm expects annual cash flows of $3.7 million over the next 10 years.

Required:

Question: What is this project's IRR?

Note: Please explain comprehensively and give step by step solution.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91167153

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