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Tennessee Tool Works (TTW) is considering investment in five independent projects, Any profitable combination of them is feasible. TTW has exist50 million available to invest,

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Tennessee Tool Works (TTW) is considering investment in five independent projects, Any profitable combination of them is feasible. TTW has exist50 million available to invest, and these funds are currently earning 7% interest annually from municipal bonds. If the funds available are limited to exist50 million, what is TTW's MARR that is implied by this particular situation? (5.2)

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