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please help Modern Federal Bank is setting up a brand new branch. The cost of the project will be $1.2 million. The branch will create
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Modern Federal Bank is setting up a brand new branch. The cost of the project will be $1.2 million. The branch will create additional cash flows of $250,000,$412,500, and $650,000 over the next three years. The firm's cost of capital is 6 percent. What is the internal rate of return on this branch expansion? Round your answer to the nearest percent. 3% 6% none of these 5% 4% Step by Step Solution
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