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A company is making an investment of$2,400,000 that will yield the following cash flows:Year 1........... $ 250,000Year 2........... $ 420,000Year 3........... $ 650,000Year 4........... $ 850,000Year 5........... $1,097,193
Required:
What is the internal rate of return of the investment?
1required1.1 calculate the additional expenditure that the company can afford on advertising.1.2 calculate the total
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