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****Only answer this question if you are sure about the correct answer**** ***Internal rate of Return Question*** If you want to install water system in your house to collect the rain water: a. If the water supply company charges you now $25 every month for service and $10 for water fees. b. The plan is to keep the house for 10 years. c. The house water system will cost you $4,500. d. If this system will supply all the water the house uses, and you will not be in need to the water supply company anymore. 1. What is the IRR % (............ 2. Yes or no, based on IRR is this a good investment (...............)Step by Step Solution
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