What is the irr that franklin mints management can expect, Financial Management

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What is the irr that franklin mints management can expect

Management of Franklin Mints, a confectioner, is considering purchasing a new jelly bean-making machine at a cost of $486,543. They project that the cash flows from this investment will be $112,420 for the next seven years. If the appropriate discount rate is 14 percent, what is the IRR that Franklin Mints management can expect on this project In %

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