You bought furniture three years ago for $5500, and you kept it in a very good condition

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You bought furniture three years ago for $5500, and you kept it in a very good condition till the present time. Today you sell this furniture at $7080. What was the IRR on your investment?

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Corporate Finance Core Principles and Applications

ISBN: 978-0077905200

3rd edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford

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Question Posted: May 23, 2013 04:13 AM

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You bought furniture three years ago for $5500, and you kept it in a very good condition

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Computation of the IRR Given in...View the full answer

Corporate Finance Core Principles and Applications

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