Question

Consider the following cash flows: Year Cash Flow 0 –$ 19,400 1 10,400 2 9,320 3...

Consider the following cash flows:
Year Cash Flow
0 –$ 19,400
1 10,400
2 9,320
3 6,900

What is the IRR of the above set of cash flows? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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