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Jack and Jar's Place is a ncoprofit nursery school run by the parents of the enclled children. Since the scheel is out of town, it
Jack and Jar's Place is a ncoprofit nursery school run by the parents of the enclled children. Since the scheel is out of town, it has a well rather than a city water supply, Lately, the well has become unreliable, and the school has had to bring in bottied drinking water The school's governing board is considering dililing a new weil (ot the top of the hil, naturaby. The bonrd estimates that a new well would cost $4,026 and save the school $600 annually foe 10 years. The schooi's hurdle rate is 6 percect. Use Appendts A for your reference. (Use approprlate factor(s) from the tables provided.) Required: Compule the internal rate of retum on the new well, Should the governing board approve the new weit
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