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Use the information for the question(s) below. The owner of a hair salon spends $1,000,000 to renovate its premises, estimating that this will increase her

Use the information for the question(s) below.

The owner of a hair salon spends $1,000,000 to renovate its premises, estimating that this will increase her cash flow by $220,000 per year. She constructs the above graph, which shows the net present value (NPV) as a function of the discount rate. At what discount rate does her decision to renovate become untenable?

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