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A company is considering an investment that requires an immediate investment of $575,000 and an additional investment of $150,000 in year 3 . The investment

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A company is considering an investment that requires an immediate investment of $575,000 and an additional investment of $150,000 in year 3 . The investment will generate annual profits of $190,000 for five years, starting from year 2 . a. Calculate the IRR for this investment. \% Round to two decimal places b. If the cost of capital is 7.5%, should the company undertake the investment

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