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A firm may sell a piece of equipment today and receive a cash inflow of $1,500 immediately. If it does so, it will have to

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A firm may sell a piece of equipment today and receive a cash inflow of $1,500 immediately. If it does so, it will have to spend more to replace it in one year. The firm should sell the equipment today if the IRR from doing so is greater than its cost of funds rate, r

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