Pendant Publishing is considering investing in a new printing press. The initial costs will be $250,000....

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Pendant Publishing is considering investing in a new printing press. The initial costs will be $250,000. After-tax cash flows next year will increase by $18,000 and will grow at an annual rate of 4% indefinitely. What is the IRR of this project? Input your answer below rounding to four decimal places. For example, if the IRR is 5.62%, input .0562. Pendant Publishing is considering investing in a new printing press. The initial costs will be $250,000. After-tax cash flows next year will increase by $18,000 and will grow at an annual rate of 4% indefinitely. What is the IRR of this project? Input your answer below rounding to four decimal places. For example, if the IRR is 5.62%, input .0562.

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ANSWER To calculate the Internal Rate of Return IRR of the project we need to find ... View the full answer