An investment is expected to produce the following annual year-end cash flows: Year 1, $18,060;...
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An investment is expected to produce the following annual year-end cash flows: Year 1, $18,060; Year 2, $18,060; Year 3, $22,050; Year 4, $22,050; and Year 5, $27,040. If the investment costs you $80,000 today what is its IRR? 06.97% 09.89% 8.54% 10.08%
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