Calculate the irr for the project

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Please explain and show all work including equations.

Calculate the IRR for the project that has a $86,347 investment and the following returns. Should this project be undertaken if the MARR is 16%?

Year

1

2

3

4

Cash Flows

$34,762

$27,893

$20,674

$43,568

Reference no: EM131015520

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