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Help, need answer D1 Crane Corp. is thinking about opening a soccer camp in southern California. To start the camp, Crane would need to purchase
Help, need answer D1
Crane Corp. is thinking about opening a soccer camp in southern California. To start the camp, Crane would need to purchase I. build four soccer fields and a sleeping and dining facility to house 150 soccer players. Each year, the camp would be run for 8 se of 1 week each. The company would hire college soccer players as coaches. The camp attendees would be male and female socc players ages 12-18. Property values in southern California have enjoyed a steady increase in value. It is expected that after usin facility for 20 years, Crane can sell the property for more than it was originally purchased for. The following amounts have been estimated Assume that during the first 5 years, the annual net cash flows each year were only 540,800 . At the end of the fifth year, the company is running low on cash, 50 management decides to sell the property for $1,358,640. What was the actual internal rate of return on the project? (Round answer to 0 decimal places, es. 13\%. For calculation purposes, use 5 decimal places as displayed in the foctor toble provided) Actual internal rate of return Step by Step Solution
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