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Professor Wendy Smith has been offered the following deal: A law firm would like to retain her for an upfront payment of $ 5 2

Professor Wendy Smith has been offered the following deal: A law firm would like to retain her for an upfront payment of $ 52 comma 000. In return, for the next year, the firm would have access to 8 hours of her time every month. Smith's rate is $ 553 per hour, and her opportunity cost of capital is 15%(equivalent annual rate, EAR). What is the IRR(annual)? What does the IRR rule advise regarding this opportunity? What is the NPV? What does the NPV rule say about this opportunity?

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