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Open Door Cafe is considering opening a new food court in a major US city. The initial investment is expected to be $13,100,000. The projected
Open Door Cafe is considering opening a new food court in a major US city. The initial investment is expected to be $13,100,000. The projected cash flows are $4,855,000 in years one and two, $4,745,000 in year three, $4,145,000 in year four, and $4,680,000 on year five. What is this project's internal rate of return?
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