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An investment costs $5,000 today. This investment is expected to produce annual cash flows of $1,600, $1,400, $1,300,$1,200 and $1,500, respectively, over the next five
An investment costs $5,000 today. This investment is expected to produce annual cash flows of $1,600, $1,400, $1,300,$1,200 and $1,500, respectively, over the next five years. What is the internal rate of return on this investment?
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