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An inventor says to you, Try my new chip maker. I'll charge you $2,000,000 up front, and I guarantee it'll make you an extra $400,000
An inventor says to you, "Try my new chip maker. I'll charge you $2,000,000 up front, and I guarantee it'll make you an extra $400,000 in profits for each of the next 7 years." What is the approximate internal rate of return on this project?
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