What is the internal rate of return of the


A company is making an investment of
$2,400,000 that will yield the following cash flows:
Year 1........... $ 250,000
Year 2........... $ 420,000
Year 3........... $ 650,000
Year 4........... $ 850,000
Year 5........... $1,097,193

Required:

What is the internal rate of return of the investment?

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