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Alheri Corp is thinking of investing in a new product. The managers think that the start-up costs to launch the product are $149. (All of

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Alheri Corp is thinking of investing in a new product. The managers think that the start-up costs to launch the product are $149. (All of the numbers are in thousands.) They expect to the following yearly profits: $55 in year 1, $56 in year 2, $67 in years 3, 4, and 5. Their current WACC is 8%. What is the IRR of this investment? Selected Answer: d. 21.48% Answers a 29.48% b.-9.12% c. 9.12% d. 21.48% e 8.00%

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