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A real estate investor is considering the purchase of an investment opportunity which will provide...

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Accounting

A real estate investor is considering the purchase of an investment opportunity which will provide income of $1,338.23 at the end of five years. What is the internal rate of return (IRR) the investor will earn if they purchase the investment opportunity for $1,000 today, at year 0? If the investor has a discount rate of 8%, should they pay for this opportunity? Please specify a criterion by using IRR

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