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Current Attempt in Progress Blossom Corporation is considering investing in a new facility. The estimated cost of the facility is $1,833,000. It will be
Current Attempt in Progress Blossom Corporation is considering investing in a new facility. The estimated cost of the facility is $1,833,000. It will be used for 12 years, then sold for $720,000. The facility will generate annual cash inflows of $388,500 and will need new annual cash outflows of $153,200. The company has a required rate of return of 7%. Click here to view the factor table. Calculate the internal rate of return on this project. (Round answer to O decimal place, e.g. 13%) Internal rate of return is % Whether the project should be accepted. The project Save for Later be accepted. Attempts: 0 of 1 used Submit Answer
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