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Home Depot Corporation is considering a new sorting delivery system that will cost $750,000. The system is expected to generate positive free cash flows over
Home Depot Corporation is considering a new sorting delivery system that will cost $750,000. The system is expected to generate positive free cash flows over the next four years in the amounts of $350,000 in year one, $325,000 in year two, $150,000 in year three, and $180,000 in year four. What is Home Depot's IRR for this project if its required rate of return is 8%?
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