Question: =+EX 26-16 Internal rate of return method obj. 3 a. 3.326 The Canyons Resort, a Utah ski resort, recently announced a $400 million expansion

=+EX 26-16 Internal rate of return method obj. 3

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a. 3.326 The Canyons Resort, a Utah ski resort, recently announced a $400 million expansion to lodging properties, lifts, and terrain. Assume that this investment is estimated to produce $95.42 million in equal annual cash flows for each of the first 10 years of the project life.

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