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Kalani Inc is considering a project that would require an initial outlay of $350,000 and will result in a return of $47,553.79/ year for 10

Kalani Inc is considering a project that would require an initial outlay of $350,000 and will result in a return of $47,553.79/year for 10 years. What is the IRR?

a.

Answer: %

b. If the cost of capital is 5%, should Caraway pursue this project? Write your reasoning.

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