A foundry is fully equipped for 650000 it is expected to


A foundry is fully equipped for $650,000. It is expected to earn $85,000 annually for 15 years without any salvage value. Due to changing market conditions, the foundry is sold for $100,000 after 8 years. Calculate the projected and actual IRR (Internal Rate of Return).

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Econometrics: A foundry is fully equipped for 650000 it is expected to
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