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Time Remaining: 020 This Question: 23 pts 4 of 9 (3 complete) v This Tes Ritter Razors is considering an equipment investment that will cost $965,000. Projected net cash inflows over the equipment's three-year life are a $482,000, Year 2: $400,000, and Year 3: $298,000. Ritter wants to know the equipment's IRR. (Click the icon to view the present value annuity table.) (click the icon to view the present value factor table) E (Click the icon to view the future value annuity table. (click the icon to view the future value factor table.) Requirement use tnal and error to find the IRR within a 2% range. (Hint: Use Ritters hurdle rate of 8% to begin the trial and error process.) Use a business calcu spreadsheet to compute the exact IRR. by calculating the NPvat three rates: 8%. 10%. and 12%. (Round your answers to the nearest whole dollar Use parentheses or a minus sig net present values The NPV at 8% is The NPV at 10% is 8% and 10% The NPV at 12% is s 10% and 12% The IRR is somewhere between 8% and 10% but closer to 10% Enter any number in the edit fields and then continue to the next
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