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A project requires an investment of $500,000 today and is projected to have annual profits of $70,000 for nine years. The capital assets can be

A project requires an investment of $500,000 today and is projected to have annual profits of $70,000 for nine years. The capital assets can be sold at the end of the ninth year for $45,000. Calculate the IRR for this project. If capital could be acquired at a cost of 11%, should the project be pursued? In Excel

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