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Wiley's Wire Products is considering a project that has the following cash flow. What is the project's true IRR if the firm would be able to reinvest the cash inflow and earn a return equal to 11%?

Year

0

1

2

3

Cash flows

-$800

$350

$350

$350

Select one:

a. 13.50%

b. 11.58%

c. 14.11%

d. 10.66%

e. 12.49%

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