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Business, 22.10.2020 20:01 neariah24

The 1095 Corporation is considering purchasing equipment which will require an initial cash investment of $285,000. The firm expects to increase its cash flow from the equipment as follows: Year 1 - $125,000; Year 2 - $155,000; Year 3 - $115,000. All yearly cash flows are positive #s. If the firm's required return is 13%, what is the approximate IRR for this investment?

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