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10-22. (IRR, payback, and calculating missing cash flow) Ace publishing company needs new equipment for a new branch in the region. According to prior estimates,

10-22. (IRR, payback, and calculating missing cash flow) Ace publishing company needs new equipment for a new branch in the region. According to prior estimates, the following positive cash flow will be generated during 5 years: Estimated pay-back period for the project is 3 years. Define the initial cash outflow of the project and calculate IRR

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