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Coach Industries is considering a new investment project. The pject will cost $100,000 and it will last 5 years. The project will have a salvage

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Coach Industries is considering a new investment project. The pject will cost $100,000 and it will last 5 years. The project will have a salvage value of $10,000 at the end of the 5 year life. During the life of the project, it will have the following cash inflows - cash outflows (assume at year end): Yr120,000 Tr230,000 Yr340,000 Yr435,000 Yr525,000 What is the IRR? (round to the nearest .1\%, and remember to show as a decimal so 11.1%=.111 Coach Industries is considering a new investment project. The project will cost $100,000 and it will last 5 years. The project will have a salvage value of $10,000 at the end of the 5 year life. During the life of the project, it will have the following cash inflows - cash outflows (assume at year end): Yr120,000 Yr230,000 Yr340,000 Yr435,000 Yr 525,000 What is the accounting rate of return? (hint: don't forget depreciation) (round to the nearest .1% and show answers as decimals so 9.5%=.095

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