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There are two projects under consideration by the Rainbow factory. Each of the projects will...

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Accounting

There are two projects under consideration by the Rainbow factory. Each of the projects will require an initial investment of $35,000 and is expected to generate the following cash flows: First year, Second Year, Third Year, Total (respectively): Alpha Project: 32,000, 22,500, 5,000, 59,500. Beta Project: 7,500, 23,500, 28,000, 59,000. What is the IRR for Beta Project

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