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"The initial investment for a project is $133,000. The project will last for 7 years and can be salvaged for $11,970 at the end of 7 years. The annual expenses for the project are $5,200 in year 1 and increase at an annual rate of 9% in each year of the project. Assume the annual revenue remains the same in each of the 7 years. What does the annual revenue need to be in order for the internal rate of return of the project to equal 14.9%? "

Financial Management, Finance

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