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Your professor has been presented with two exciting investment opportunities. The first business, Lombardi's Silverworks, produces large trophies in the Kansas City area. The second,

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Your professor has been presented with two exciting investment opportunities. The first business, Lombardi's Silverworks, produces large trophies in the Kansas City area. The second, AllSTARS Golf, provides golf lessons to athletes in Philadelphia. The trophy business requires an initial investment of $70,000 and produces cash flows of $20,000,$35,000, and $41,000 over the next three years, respectively. The golf lessons business will require a smaller investment of $25,000 and produces cash flows of $5,000, $13,000, and $18,000. What is the IRR of the project that should be selected if interest rates are 11.34% (Hint: Draw an NPV profile)

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