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Hathaway, Inc., a resort company, is refurbishing one of its hotels at a cost of $8,976,896. Management expects that this will lead to additional cash flows of $2,038,863 for the next six years. What is the IRR of this project? If the appropriate cost of capital is 12 percent, should Hathway go ahead with this project?

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Accounting Basics, Accounting

Category:- Accounting Basics
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