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Suppose you want to start a business. You estimate it will cost $160,000 to start the business and expect to net the following income for

Suppose you want to start a business. You estimate it will cost $160,000 to start the business and expect to net the following income for the first five years: $29,000, $37,000, $51,000, $54,000, and $35,000. Your cost of capital is 9.50%. Calculate this investments internal rate of return and modified IRR. Do you start or not?

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