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Michael's Bakery is evaluating a new electronic oven. The oven requires an initial cash outlay of $25,000 and will generate after-tax cash inflows of $5,000
Michael's Bakery is evaluating a new electronic oven. The oven requires an initial cash outlay of $25,000 and will generate after-tax cash inflows of $5,000 per year for 7 years. Calculate the IRR.
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Foundations Of Finance
Authors: Arthur J. Keown, John H. Martin, J. William Petty
9th Edition
978-0134083285, 134083288, 978-0134084015
