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Johnson company plans to spend 3993 on a 5 year project

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Johnson Company plans to spend $3,993 on a 5 year project that will return $1,000 cash per year. Calculate the IRR; is it 8%? Johnson Company spends $2709 for an investment that returns $2,000 the first year, and $1,000 the second year. Is the IRR also 8%?

Reference no: EM13601826

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