Calculate net present value of the project

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The question is: You are trying to estimate the internal rate of return (IRR) of a project using a trial and error process. The project has conventional cash flows. Your initial guess is 10%. You calculate net present value (NPV) of the project with 10% cost of capital and get a positive NPV. What would be your next guess for IRR? Why? How would I set up this formula?

Reference no: EM132477959

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