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29. (calculation problem). Marc & Martin Company wants to determine whether or not to build a new factory in Austin, Texas in Jan. 2021. After

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29. (calculation problem). Marc & Martin Company wants to determine whether or not to build a new factory in Austin, Texas in Jan. 2021. After extensive research work, the CFO has provided the following information: The company need to make a capital investment of 180,000 in Jan. 2021 (this is cash outflow). At the end of the first year, they expect to receive cash inflow of 63,000; with a net income of 13,620; At the end of the second year, they expect to receive cash inflow of 78,000; with a net income of 63,300; At the end of the third year, they expect to receive cash inflow of 96,000; with a net income of 91,100. Q: You are the CEO. The required rate of return on this investment project is 15%. Do you approve/accept this project or not based on IRR method? Why? That is, what is the return from this project based on the above information (using Excel)? Note: you must draw the timeline for this problem. If you do not draw the timeline, you will be subtracted by 5 points

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