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If the Cash Flows for Project M Are C₀ =

Question 56

Question 56

Multiple Choice

If the cash flows for Project M are C₀ = -1,000; C₁ = +200; C₂ = +700; and C₃ = +698, calculate the IRR for the project.

A) 23 percent
B) 21 percent
C) 19 percent
D) 17 percent

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