Question
A seven-year license to distribute a product should increase the distributors profit by $16,000 per year. If the license can be acquired for $85,000, what
A seven-year license to distribute a product should increase the distributor’s profit by $16,000 per year.
If the license can be acquired for $85,000, what is the investment’s IRR? (Round your answer to 1 decimal place.)
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
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