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Your plant science friend comes to you and tells you that he has an idea for a side business growing flowers. He says that for

Your plant science friend comes to you and tells you that he has an idea for a side business growing flowers. He says that for an initial investment of $15,000 he can make $2,000 a year. Using a discount rate of 8% and a planning horizon of 10 years, calculate the IRR and NPV. Is this side business a good idea for your friend?

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