c. An investment of $1,000 today will return $1,000 at the end of 1 year, $500 at

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c. An investment of $1,000 today will return $1,000 at the end of 1 year,

$500 at the end of 2 years, and $100 at the end of 3 years. What is its IRR?

d. An investment of $1,000 will return $60 per year forever. What is its IRR?

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