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A local bookstore is considering adding a coffee shop to their store. Building the coffee shop will cost$254,308.00 today. The bookstore is going to try

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A local bookstore is considering adding a coffee shop to their store. Building the coffee shop will cost$254,308.00 today. The bookstore is going to try this project for flve years. The bookstore wants a 11.00% return on their investment. What yearly cash flow must this project generate to "break-even"? Answer format: Currency: Round to: 2 decimal piaces. A real estate investor likes to "flip" houses. That is, he likes to buy a house at a low price and then "flip" or sell the house for a higher price. The investor is looking at a foreclosed house that will cost $233,326,00 today. He will invest an additional $48,550.00 in the first year of owning the house to upgrade its features. He then believes he can sell the house for $419,575,00 at the end of the second year. What is the IRR of this investment

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