Supply is considering creating a new line of mittens

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Baba's Warm and Cozy Knitting Supply is considering creating a new line of mittens. The managers think that the new equipment and supply of yarn will cost $340,000. They expect to earn $60,000 the first year, $100,000 the second year, $100,000 the third year and $150,000 the fourth year. Their current WACC is 5%. What is the IRR of this project?

Reference no: EM131361805

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