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Wildhorse, Inc., a resort management company, is refurbishing one of its hotels at a cost of $ 6 , 3 5 2 , 5 1

Wildhorse, Inc., a resort management company, is refurbishing one of its hotels at a cost of $6,352,516.Management expects that will lead to additional cash flows of $1,460,000for each of the next six years. What is the IRR of this project? If the appropriate cos capital is 12percent, should Wildhorse go ahead with this project?

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