Question
2. Suppose you do business with a secretive entrepreneur you met on the internet who offers you an investment but insists he'll only pay you
2. Suppose you do business with a secretive entrepreneur you met on the internet who offers you an investment but insists he'll only pay you i bitcoin. The investment requires you to invest 2.35 million in bitcoin but you will receive 420,000 back in bitcoin for the next seven years. The bitcoin inflation rate is 1%, the U.S. dollar inflation rate is 4%, and your discount rate is 7%. Calculate the NPV (both formula and function), the profitability ratio, the discounted payback period, and the internal rate of return. Use the domestic currency approach for this problem
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