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A small company purchased now for $24,000 will lose $1,500 each year the first four years. An additional $8,000 invested in the company during the
A small company purchased now for $24,000 will lose $1,500 each year the first four years. An additional $8,000 invested in the company during the fourth year will result in a profit of $5,500 each year from the fifth year through the fifteenth year. At the end of 15 years, the company can be sold for $35,000. Calculate the IRR
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