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show all work Assume Kean University must decide whether to purchase a conference table in the president?s office for S300,000. The conference table would only
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Assume Kean University must decide whether to purchase a conference table in the president?s office for S300,000. The conference table would only be used for three years (then it would need to be upgraded). but it ?S expected to generate S150,000 of additional annual ?gifts to the university? during those years. Kean also thinks it can sell the conference table to NJIT afterward for about $10,000. Using IRR, help Kean to determine whether the table purchase is a better use of its cash than its other investment options, which should return about 10%Step by Step Solution
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