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Datta Computer Systems is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's projected IRR can be less than the WACC (and even negative), in which case it will be rejected.
Year 0 1 2 3
Cash flows -$975 $450 $470 $490
a. 0.26%
b. 0.35%
c. 0.33%
d. 0.34%
e. 0.42%

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