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Business, 04.07.2020 21:01 haydonmetzger

Raymond Earl Friedman from Refco, Inc., the New York-based financial services company, is evaluating an investment for which his client requires a 13 percent rate of return The investment costs $500,900 initially and will produce cash inflows of $212,000 for the next three consecutive years. Should he endorse this project based on its internal rate of return? Why or why not?

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