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You are making an investment of $135,000 and require a rate of return of 3...

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You are making an investment of $135,000 and require a rate of return of 3 percent. You expect to receive $48,000 in the first year, $52,500 in the second year, and $55,000 in the third year. There will also be a cash outflow of $1,000 in the third year to close out the investment. What is the internal rate of return of this investment? The answer cannot be determined, as there are multiple IRRs 12.84% 6.92% 5.03%

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