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Justin Lieberman must earn a minimum rate of return of 15.5% as compensation for the...

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Finance

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Justin Lieberman must earn a minimum rate of return of 15.5% as compensation for the risk of the following investment: a. Use present value techniques to estimate the IRR on this investment. b. On the basis of your finding in part a, should Justin make the proposed investment? a. The yield on this investment is %. (Round to two decimal places.) Data table Initial Investment P End of Year 1 2 $10,723 Income $2,185 $2,665 $6,358 $2,065 $1,200 3 4 5

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