Determine the internal rate of return

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Question: Blake Shelton, Inc., is considering to build a manufacturing plant that will make bottled Strawberry Juice. The project which will produce cash inflows of $145,000 a year for 2 years followed by $75,000 a year for the following 5 years. What is the internal rate of return if the initial cost of the project is $400,000? (all numbers are in millions of $s)

Reference no: EM131945837

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