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An investment of $396,930 will yield annual profits of $53,000 for eight years. The proceeds on disposition of the investment at the end of the
An investment of $396,930 will yield annual profits of $53,000 for eight years. The proceeds on disposition of the investment at the end of the eight years are estimated at $132,000 On the basis of its IRR and a 9% cost of capital, should the investment be made? be made
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