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Sevcan Bakery decided to buy a new oven for $12,000. Using this new technology oven, the owner expects to make extra $3,000 for the first
Sevcan Bakery decided to buy a new oven for $12,000. Using this new technology oven, the owner expects to make extra $3,000 for the first year, $4,000 for the second year and $5,000 for the third and $6,000 for the fourth year. What is IRR of the project
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