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Business, 02.04.2021 02:00 stodd9503

Nancy's Notions pays a delivery firm to distribute its products in the metro area. Delivery costs are $30,000 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 $23,000 per year. At the end of 3 years, the used truck will have an estimated salvage value of $3,000. Nancy's MARR is 24%/year. a. What is this investment's internal rate of return

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