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ABS Solution Co.s new budget system will cost $700,000. The system is expected to generate positive cash flows over the next three years in the
ABS Solution Co.s new budget system will cost $700,000. The system is expected to generate positive cash flows over the next three years in the amounts of $350,000 in year one, $365,000 in year two, and $280,000 in year three. ABS Solution Co.s required rate of return is 8%. What is the internal rate of return of this project?
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