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Ann wants to buy an oil well. Her friend is willing to sell one of his oil wells for $3 million. the well should produce
Ann wants to buy an oil well. Her friend is willing to sell one of his oil wells for $3 million. the well should produce for 10 years and it is expected to generate
profits $600,000 annually for the first six years and $400,000 for each of the last four years. what is the IRR of the investment?
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Fundamentals Of Corporate Finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
5th Edition
1119795435, 978-1119795438
