You are offered an asset costing $600 that has cash flows of $100 at the end...
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You are offered an asset costing $600 that has cash flows of $100 at the end of each of the next 10 years. a. If the appropriate discount rate for the asset is 8%, should you purchase it? b. What is the IRR of the asset? You are offered an asset costing $600 that has cash flows of $100 at the end of each of the next 10 years. a. If the appropriate discount rate for the asset is 8%, should you purchase it? b. What is the IRR of the asset?
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