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1_ Assume you invest $4000 today in an investment that promises to return $9000 in exactly 10 years. a. use the present value technique to

1_ Assume you invest $4000 today in an investment that promises to return $9000 in exactly 10 years.

a. use the present value technique to estimate the IRR on this investment.

b. If a minimum annual return of 9% is required, would you recommend this investment?

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