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Assume an individual makes a lump sum investment at the beginning of year one of $458,700. The expected return on this investment (received at each
Assume an individual makes a lump sum investment at the beginning of year one of $458,700. The expected return on this investment (received at each year-end) is as follows. Year 1: 138,000 Year 2: 189,600 Year 3: 130,000 Year 4: 192,700 What is the IRR of the investment under consideration? Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box) You should use Excel or financial calculator. Your
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