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Find the internal rate of return (IRR) for the following investment opportunities: a) Project a)...

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Find the internal rate of return (IRR) for the following investment opportunities: a) Project a) requires an initial investment of 1,000,000 and provides revenue of 1,250,000 at the end of year 3. [3 marks b) Project b) requires an initial investment of 1,000,000 at the end of year 1 and provides revenue of 1,250,000 at the end of year 2. [7 marks]

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