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Please explain and show all work including equations
Calculate the IRR for the following two projects. Which of the two projects is preferable based on the IRR? Under what conditions is it acceptable to use the IRR? Under what conditions should caution be used when implementing the IRR?
0
1
2
3
4
CF Project 1
-$98,024
$43,423
$35,674
$23,456
$18,316
CF Project 2
-$79,315
$26,000
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