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Business, 27.05.2020 18:01 larissa1013

Nancy's Notions pays a delivery firm to distribute its products in the metro area. Delivery costs are $26,000 per year. Nancy can buy a used truck for $11,000 that will be adequate for the next 3 years. Operating and maintenance costs are estimated to be $21,000 per year. At the end of 3 years, the used truck will have an estimated salvage value of $3,500. Nancy's MARR is 29%/year. What is this investment's internal rate of return?

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