What is the internal rate of return for the


A proposed project has been presented that requires an initial investment of $5 million and a second investment of $3 million at the beginning of year 3. It will generate a return of $2 million at the end of three years and returns of $4 million at the end of years 5 and 6. What is the internal rate of return for the project?

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Financial Management: What is the internal rate of return for the
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