Give typing answer with explanation and conclusion    You are considering two possible marketing campaigns for a new product. the first marketing campaign requires an outlay next year of 2 million, and then will pay 240,000 thousand in all subsequent years. the second marketing campaign requires an outlay of 3 million next year and then will pay 270,000 thousand in all subsequent years. what is the IRR for the second marketing campaign?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 5EB: A grocery store is considering the purchase of a new refrigeration unit with an Initial Investment...
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You are considering two possible marketing campaigns for a new product. the first marketing campaign requires an outlay next year of 2 million, and then will pay 240,000 thousand in all subsequent years. the second marketing campaign requires an outlay of 3 million next year and then will pay 270,000 thousand in all subsequent years. what is the IRR for the second marketing campaign?

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