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D has decided to invest in a new factory at a cost of $6,000,000.

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D has decided to invest in a new factory at a cost of $6,000,000. The discount rate of the project is 22% and the PV of tax shield is $80,000.

What is the IRR?

Give your answer to two decimal places.

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The management of U is reviewing internal controls throughout the company.
M built a large factory last year and it has just been completed.
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