If the firm believes 15 is an acceptable rate of return


Disneyworld's 4-day pass costs $140, and a 1-day pass is $50. A family visits Disneyworld every 3 years for 2 days each time. If the family buys the 4-day pass and uses 2 days on this visit and 2 days on the next visit, what IRR is earned? (Answer: 35.7%)

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Business Economics: If the firm believes 15 is an acceptable rate of return
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