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Consider Internal Rate of Return- (When the investment has to be paid back) and the ROI ratio (the Cumulative Benefits minus the Cumulative Cost divided

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Consider Internal Rate of Return- (When the investment has to be paid back) and the ROI ratio (the Cumulative Benefits minus the Cumulative Cost divided by the Cumulative Cost) for the below numbers. Missing Toe Shoe company requires their IT Manager, Mac Burger to have an ROI ratio greater than 6 and an IRR of no more than 2 years. Mac Burger determined this was a good project and he was correct. Year Cost Benefits 1 $500,000 $50,000 $350.000 $324,000 $275,000 $789.000 $200.000 $1,265,890 True False

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