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A project has cash flows of $1,000, $2,000, $3,000, +$4,000, and +$5,000 in consecutive years. Your cost of capital is 20% per annum. Use the
A project has cash flows of $1,000, $2,000, $3,000, +$4,000, and +$5,000 in consecutive years. Your cost of capital is 20% per annum. Use the IRR rule to determine whether you should take this project. Confirm your recommendation using the NPV rule.
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