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An initial investment today of $ 3 7 5 , 0 0 0 provides a lump - sum of $ 4 0 0 , 0

An initial investment today of $375,000 provides a lump-sum of $400,000 at the end
of one year. Assuming annual discounting, the internal rate of return is
A) less than 10%
B)10%
C) more than 10%
D) insufficient information to answer
E) none of the above
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