Rania Farouk must earn a return of 12% on an investment that requires an initial outlay of
Question:
Rania Farouk must earn a return of 12% on an investment that requires an initial outlay of $2,000 and promises to return $6,000 in eight years.
a. Estimate the IRR on this investment.
b. On the basis of your finding in part a, should Rania make the proposed investment?
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a b The rate of return ...View the full answer
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Related Book For 
Fundamentals Of Investing
ISBN: 9780135175217
14th Edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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