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Please respond to the following questions --be sure to support your statements with calculations. a) Evaluate the desirability of the $650,000 investment in the new

Please respond to the following questions --be sure to support your statements with calculations.

a) Evaluate the desirability of the $650,000 investment in the new pizza parlors by computing the internal rate of return and the net present value.Assume a 14% discount rate.If you wish to use present value tables (instead of EXCEL), refer to Appendix 12-B for tables.

b) If Light is shrewd, will he approve the expansion?Why or why not?You may wish to do some additional calculations.

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