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Sevcan Bakery decided to buy a new oven for $15000. Using this new technology oven the owner expects to make extra $3000 for the first

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Sevcan Bakery decided to buy a new oven for $15000. Using this new technology oven the owner expects to make extra $3000 for the first year $4000 for the second year and $5000 for the third and $6000 for the fourth year. What is the IRR of the project? 16.28% 12.78% 9.67% 6.88%

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