Shania is considering an investment opportunity. She can invest $1,000 today and collect $300 a...
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Accounting
Shania is considering an investment opportunity. She can invest $1,000 today and collect $300 a year for four years. As her business is effectively earning 7% a year on amounts invested, Shania only wants to consider a higher IRR as a potential investment. Should she put $1,000 into this opportunity?
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