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You are the provost of Western New England University, and have just raised tuition costs enough so that the university can expand its business interest

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You are the provost of Western New England University, and have just raised tuition costs enough so that the university can expand its business interest in one of two business opportunities. A manufacture of aerospace equipment for $800,000, with an expected $200,000 annual Revenue-Expenses A horse breeding operation, with a new $500,000, with an expected $150,000 Annual Revenue - Expenses Assuming a 10 year evaluation period MARR of 15% GDS/MACRS system for depreciation from Table A-1 and & years for the costs of the capital assets Federal Tax Rates from Table provided Determine which is the more attractive opportunity by internal rate of return (IRR) of the after Tax Cash Flows (ATCF)

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