What is the maximum initial investment

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Question 1: Western Steel is considering an investment in a 3 year project. It will provide a 14% internal rate of return, and is expected to have a $40,000 cash inflow in the 1st year, a $60,000 cash inflow in the 2nd year, and a $55,000 cash inflow in the last year. What is the maximum initial investment that they should make in this project?

Reference no: EM132583530

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