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Business, 19.10.2019 04:10 starlightmoon213

Jackson music is considering investing $ 625,000 in private lesson studios that will have no residual value. the studios are expected to result in annual net cash inflows of $ 100,000 per year for the next nine years. assume that jackson music uses a 12% hurdle rate. what is the approximate internal rate of return (irr) of the studio investment?

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