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A small company purchased now for 23000 will lose 1,200 each year the first four years....

A small company purchased now for 23000 will lose 1,200 each year the first four years. An additional 8,000 invested in the company during the fourth year will result in a profit of 5,500 each year from the fifth year through the fifteenth year. At the end of 15 years, the company can be sold for 33,000. 1) Determine the IRR. 2) Calculate the FW if MARR = 12%.

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