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Due to a major earthquake in the area, Phase 3 was delayed and completion did not occur until the end of Year 8. How

 

Due to a major earthquake in the area, Phase 3 was delayed and completion did not occur until the end of Year 8. How does this affect the Lanskys' internal rate of return (IRR) on their investment? (1) Decrease the IRR (2) Increase the IRR (3) No change in IRR (4) Impossible to determine from information given alternatives

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Answer 1 Decrease the IRR The earthquake caused a delay ... blur-text-image

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