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A pizza place wants to buy a pizza oven with an upfront cost of $ 1 0 , 0 0 0 that will provide annual
A pizza place wants to buy a pizza oven with an upfront cost of $ that will provide annual revenue of $ per year for years. You can assume all revenue is received once a year at the end of the year. Calculate the IRR for this project using Excel or a financial calculator. Calculate to TWO decimal places, and be sure to explain how you arrive at your answer.
Hint: recall the IRR tutorial in the chapter lecture notes!
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