A project has an initial outlay of $4,000. It has a single payoff at the end - 4411

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A project has an initial outlay of $4,000. It has a single payoff at the end of Year 4 of $6,996.46. What is the IRR for the project (round to the nearest percent)? a. 16% b. 13% c. 21% d. 15%

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