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An office building generates the cash flows listed below. The owner is considering spending $55,000 to renovate the building. The renovations will change the cash
An office building generates the cash flows listed below. The owner is considering spending $55,000 to renovate the building. The renovations will change the cash flows as listed below. Calculate the after-tax internal rate of return on the renovations where the owner plans to sell the building in 3 more years. Should the owner renovate the property if an alternative investment yields 10%?
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