Kale Berry will not invest uniess she can earn at loast a(n) a\% retum. She...
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Accounting
Kale Berry will not invest uniess she can earn at loast a(n) a\% retum. She is evaluating an investment opportunity that requires an initial outlay of $2,500 and promises to return $5,000 in 8 yean. a. Use present value lectriques to estimate the IRR on this imvestment. b. On the basis of your finding in part a, should Kate mate the proposed investment? Explain a. The yeld on this investment is 16. (Enter as a percentage and round to two docimal places)
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