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A three - year investment ( Equipment ) requires you to invest $ 1 , 0 0 0 initially. It is expected to provide three

A three-year investment (Equipment) requires you to invest $1,000 initially. It is expected to provide three year-end cash inflows of $200 and you can sell the equipment for $700 at the end of three years. What is the IRR? If your cost of capital is 15%, would you go ahead with the project as a finance manager?

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