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QUESTION
An individual decides to invest in a project which requires an initial outlay of $10 000. This project yields $10190 after 3 years, but zero cash...
An individual decides to invest in a project which requires an initial outlay of $10 000. This project yields $10190 after 3 years, but zero cash flows before that.
Calculate the (annual) internal rate of return, in percentage, for this project. Round your answer to 2 decimal places.
