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Riverdale’s Betty Cooper and Jughead are planning to buy Pop’s Chock’lit Shoppe. As knowledgeable investors, they...

Riverdale’s Betty Cooper and Jughead are planning to buy Pop’s Chock’lit Shoppe. As knowledgeable investors, they know that the restaurant industry is a little risky and they expect to be compensated with a high return. They have a required return of 8%. They expect to pay $300,000 to buy the shoppe today but they expect $50,000 for the next 8 years afterwards (starting in year 1).

Using the IRR method, should they take on the project? (Use excel)

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