Given
the following annual net cash flows, determine the IRR to the nearest
whole percent of a project with an initial outlay of $1,520.
Year Net Cash Flow
1 $1,000
2 $1,500
3 $ 500
a.48%
b.40%
c.32%
d.28%
Year Net Cash Flow
1 $1,000
2 $1,500
3 $ 500
a.48%
b.40%
c.32%
d.28%
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