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6. FSU is considering construction of a new dining hall with the initial cost of $1mil. CF's for the next year are expected to be

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6. FSU is considering construction of a new dining hall with the initial cost of $1mil. CF's for the next year are expected to be $50,000 and from then on they will grow at 2% per year indefinitely. What is the IRR? A) 5% B) 7% C) 2%

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