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The Fitness Center is considering including a treadmill in this year's capital budget. The cash outlay for the treadmill is $2,210. The firm's cost of
The Fitness Center is considering including a treadmill in this year's capital budget. The cash outlay for the treadmill is $2,210. The firm's cost of capital is 10.9%. After-tax cash flows, including depreciation, are as shown in the table below. Calculate the internal rate of return (IRR) for this project. End of Year O Cash Flow $700 700 700 700 700
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