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Fred Corp is considering a project that has the following cashflow data. What is the project’s IRR?

Fred Corp is considering a project that has the following cashflow data. What is the project’s IRR?

Fred Corp is considering a project that has the following cashflow data. What is the project’s IRR? Not the a project’s projectedIRR can be less than the WACC or negative, in both cases it will berejected.Year   0            1          2           3Cash flows -$1000     $425     $425      $425Please provide answer with an explanation including allformulas. Thank you.