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As director of capital budgeting for Chapel Hill Coffins Company, you are evaluating the construction of a new plant. The plant has a net cost
As director of capital budgeting for Chapel Hill Coffins Company, you are evaluating the construction of a new plant. The plant has a net cost of $5 million in year 0 (today) and will provide net cash inflows of $1 million at the end of year 1, $1.5 million at the end of year 2, and $2 million at the end of the year. 3 to 5.
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To find the IRR Internal Rate of Return of the plant we can use the formula IRR discount rate at whi...
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Managerial Economics
Authors: Paul Keat, Philip K Young, Steve Erfle
7th edition
0133020266, 978-0133020267
