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Rondeli corporation is considering investing in a new

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Rondeli Corporation is considering investing in a new facility. The estimated cost of the facility is $2,045,000. It will be used for 12 years, then sold for $600,000. The facility will generate annual cash inflows of $400,000 and will need new annual cash outflows of $160,000. The company has a required rate of return of 7%. Calculate the internal rate of return on this project.

Reference no: EM13595708

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