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Demonstrate that the irr is approximately

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Reference no: EM132171887

You've arranged for an expansion to your store. It will cost $100,000 up front in cash that you've been saving up, and then an additional $100,000 payable to a bank four years from now. It is expected to provide an increase in annual profits of $67,000/year for three years. Demonstrate that the IRR is approximately 5%.

Reference no: EM132171887

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