Bill, owner of a video arcade, is considering buying a new game. The game would cost ($

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Bill, owner of a video arcade, is considering buying a new game. The game would cost \(\$ 5,000\). He estimates the new game will result in increased cash inflows of \(\$ 2,000\) in year \(1, \$ 2,000\) in year 2 , and \(\$ 2,000\) in year 3. Calculate the internal rate of return.

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Managerial Accounting Information For Decisions

ISBN: 9780324222432

4th Edition

Authors: Thomas L. Albright , Robert W. Ingram, John S. Hill

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