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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 0
Professor Wendy Smith has been offered the following deal: A law firm would like to retain her for an upfront payment of $ In return, for the next year the firm would have access to hours of her time every month. Smiths rate is $ per hour and her opportunity cost of capital is EAR What does the IRR rule advise regarding this opportunity? What about the NPV rule?
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