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Microwave Oven Programming, Inc is considering the construction of a new plant. The plant will have an initial cash outlay of $7 million (= -$7 million), and will produce cash flows of $2.9 million at the end of year 1, $5 million at the end of year 2, and $2 million at the end of years 3 through 5. What is the internal rate of return on this new plant?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91264340

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