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Please show hand written work and NOT EXCEL! Innovation Company is thinking about marketing a new software product. Upfront costs to develop the product are
Please show hand written work and NOT EXCEL!
Innovation Company is thinking about marketing a new software product. Upfront costs to develop the product are $500,000, the product is expected to be sold for $1,300,000 in six years. If your cost of capital is 10%. (1) What's the IRR of the project? (2) Should you invest to develop the product? (3) What's the NPVStep by Step Solution
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