(IRR calculation) Jella Cosmetics is considering a project that costs $800,000 and is expected to last for 10 years and produce…

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(IRR calculation) Jella Cosmetics is considering a project that costs $800,000 and is

expected to last for 10 years and produce future cash flows of $175,000 per year. If the

 

appropriate discount rate for this project is 12 percent, what is the project’s IRR? 

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