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ILL UPVOTE 100%!!! Kelly's Bakery is considering opening a new location. They estimate initial cost for the project to be $700 which must be paid

ILL UPVOTE 100%!!!

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Kelly's Bakery is considering opening a new location. They estimate initial cost for the project to be $700 which must be paid up front. They estimate project cash flows of $200 at the end of year 1, $300 at the end of year 2, $400, at the end of year 3, At the end of year 4 they will sell the location and collect total cash flow of $620. Find the IRR of the project and recommend whether they should pursue it if Kelly's Bakery has a 28% cost of capital

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