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Business, 06.05.2020 03:58 neon1393

Your company is buying a new product from a small company for $1 million dollars. You expect to make a profit of $250,000 per year from the product.
Required:
1. Given a MARR of 8%, what is the internal rate of return at three years and at six years?
2. Set up and solve the problem and then explain to management what your recommendation is for three and six years and why?

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