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5) Luke has $300,000 to invest and is considering the following two investment opportunities. Fund Alpha requires an initial investment of $270,000 and is expected

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5) Luke has $300,000 to invest and is considering the following two investment opportunities. Fund Alpha requires an initial investment of $270,000 and is expected to return $64,000 every year for 5 years. Fund Beta requires an initial investment of $300,000 and promises to return $71,300 every year for 5 years. If Luke's MARR is 5% per year compounded annually, which investment should he choose, if any? Solve using the internal rate of return (IRR) method. You must find IRR to nearest whole %. 5) Luke has $300,000 to invest and is considering the following two investment opportunities. Fund Alpha requires an initial investment of $270,000 and is expected to return $64,000 every year for 5 years. Fund Beta requires an initial investment of $300,000 and promises to return $71,300 every year for 5 years. If Luke's MARR is 5% per year compounded annually, which investment should he choose, if any? Solve using the internal rate of return (IRR) method. You must find IRR to nearest whole %

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