Arizona state homework

3. Suppose an investment fund has the following beginning-of-year values ($mm) and HPRS (%) for the four years indicated. The year-four ending value is 9.8. Assume net inflows occur at the end of each year. (Note that t=0 is the beginning of year 1 and t=3 is the beginning of year 4. Get used to this "finance/accounting thinking.") 4 pts t=0 t=1 t=2 t=3 Beg. Value 8.0 10.0 10.5 7.5 HPR 20 10 (20) 20 a. What must be the value of the net inflow in each of the four years, respectively? b. What is the dollar-weighted return (IRR)