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An investment of $1,000 will return $60 annually forever. What is its internal rate of return? Please show work. A. Cannot be determined. B. 6%

An investment of $1,000 will return $60 annually forever. What is its internal rate of return? Please show work.

A.	Cannot be determined.
B.	6%
C.	0.60%
D.	16.67%
E.	60%

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