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Solve the following rate of return problems. a. An investment of $1,100 today returns $51,000...

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Solve the following rate of return problems. a. An investment of $1,100 today returns $51,000 in 50 years. What is the internal rate of return on this investment? b. An investment costs $650,000 today and promises a single payment of $11.7 million in 22 years. What is the promised rate of return, IRR, on this investment? c. What return do you earn if you pay $23,450 for a stream of $5,000 payments lasting 10 years? Note: Round your answers to 2 decimal places

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