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P10–14 Internal rate of return Foreach of the projects shown in the following table, calculate theinternal rate of return (IRR). Then indicate, for each project, themaximum cost of capital that the firm could have and still find theIRR acceptable. I DO NOT HAVE A FINANCIAL CALCULATOR OR ICANNOT USE EXCEL SPREADSHEETS; CAN YOU PLEASE BREAK IT DOWN ON HOWTO FIND THE IRR....THANKS IN ADVANCEProject BProject CInitial investment(CF0)?$490,000?$20,000Year (t)Cash inflows (CFt)1 $150,000 $7,5002 150,000 7,5003 150,000 7,5004 150,000 7,5005 — 7,500
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