A firm evaluates all of its projects by applying the irr, Finance Basics

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A firm evaluates all of its projects by applying the irr

Question: A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows:

Year Cash Flows

0 -25812

1 12633

2 10985

3 10513

What is the IRR for this project? (Enter your answer as a percentage, omit the "%" sign in your response, and round your answer to 2 decimal places. For example, 0.12345 or 12.345% should be entered as 12.35.)

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