Terminal Value for IRR Calculation

I am calculating IRR from a 10 years projected cash flow + a terminal value.
The terminal value I understand is usually calculated as FCFF(1+g)/(r-g).
Incase of using terminal value for IRR calcuation should the r= cost of capital or r=IRR (in this case it will be iterative as its being used to calculate IRR itself). Please let me know the usual practice.
Thanks.

 
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