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2. An engineer made 10 annual end-of-year purchases of $1000 of common stock. At the end of the tenth year, just after the last purchase,

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2. An engineer made 10 annual end-of-year purchases of $1000 of common stock. At the end of the tenth year, just after the last purchase, the engineer sold all the stock for $12,000. What is the rate of return received on the investment? Year: 0 1 2 3 5 6 7 8 9 10 Cash Flow In Total Cash Flow IRR=

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