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Chapter 9 Exercise 9-16 IRR and Unequal Cash Flow

Chapter 9 Exercise 9-16 IRR and Unequal Cash Flows [LO 3] Newport Department Store is considering development of an e-commerce business. The company estimates that development will require an initial outlay of $1,470,000. Other cash flows will be as follows:Year 1 ($700,000)Year 2 $221,000Year 3 $750,000Year 4 $850,000Year 5 $940,000

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