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A firm is trying to determine if it should launch a product. The product has an expected life of three years. It will bring in cash flows of $10,000 in each of the three years. The company estimates that it will invest $20,000 in product research and development costs. What is the estimated IRR for this product? Choose the IRR value that is closest to the amount invested.
C++
A general-purpose programming language created as an extension of the C programming language, supporting object-oriented, procedural, and generic programming.
Cin
A standard input stream in C++, used for reading input from standard input (typically the keyboard).
Format Manipulators
Tools in programming used to modify the format of input/output operations, such as setting precision in floating point numbers.
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