Question tennessee tool works ttw is considering investment, Ask an Expert

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Question: Tennessee Tool Works (TTW) is considering investment in five independent projects, Any profitable combination of them is feasible.

TTW has $50 million available to invest, and these funds are currently earning 7% interest annually from municipal bonds. If the funds available are limited to $50 million, what is TTW's MARR that is implied by this particular situation?

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