3.An advertising campaign will cost $200 000 for planning and $40 000 in each of...
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3.An advertising campaign will cost $200 000 for planning and $40 000 in each of the nextsix years. It is expected to increase revenues permanently by $40 000 per year. Additionalrevenues will be gained in the pattern of an arithmetic gradient with $20 000 in the firstyear, declining by $5000 per year to zero in the fifth year. What is the IRR of this investment? If the company's MARR is 12 percent, is this a good investment
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