Simkins Renovations Inc. is considering a project that has the following cash flow data. What is the projects IRR? Note that a projects IRR can be less than the WACC (and even negative), in which case it will be rejected. Year 0 1 2 3 4Cash flows $850 $300 $290 $280 $270 Answer13.13%14.44%15.89%17.
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