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17)The Stop Gun Violence Movement (SGVM) has offered Obama $1 million per year if he agrees to go on a US-wide speaking tour for the

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17)The Stop Gun Violence Movement (SGVM) has offered Obama $1 million per year if he agrees to go on a US-wide speaking tour for the next three years. If Obama accepts the offer, he will have to give up other speaking engagements amounting to $0.5 million per year for the next three years. If Obama's opportunity cost is estimated to be 10%, the IRR of the SGVM offer is closest to: a) 1096 b) 50% c) Infinity d) More than one IRR exists. e) No IRR exists

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