The general inflation rate is 39 what is the inflation-free


Assume you have the following cash flow in actual dollars: Year 0 -$109; Year 1 -$78; Year 2 $115; Year 3 $128; Year 4 $189. The general inflation rate is 3.9%. What is the inflation-free IRR of this cash flow? Express your answer as a percentage.

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Financial Management: The general inflation rate is 39 what is the inflation-free
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