Calculate the project internal rate of return

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Mart is looking to expand an existing project. The expansion requires an immediate investment of $66 million. S. Miller anticipates that the project will generate one future cash flow of $177 million that will arrive at the end of year 12, and only in that year. The company considers the required rate of return of the project to be 8%

Calculate the project's internal rate of return.

Reference no: EM131897116

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