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Kambry Day is considering investing in one of the following two projects. Either project will require an investment of $20,000. The expected cash flows for

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Kambry Day is considering investing in one of the following two projects. Either project will require an investment of $20,000. The expected cash flows for the two projects follow. Assume that each project is depreciable. Kambry's required rate of return is 28%. Which of Kambry's projects should be chosen based on IRR? What is the IRR for the chosen project? Answer: Kambry Day is considering investing in one of the following two projects. Either project will require an investment of $20,000. The expected cash flows for the two projects follow. Assume that each project is depreciable. Kambry's required rate of return is 28%. Which of Kambry's projects should be chosen based on IRR? What is the IRR for the chosen project

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