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Assume an individual makes a lump sum investment at the beginning of year one of $473,700. The expected return on this investment (received at each
Assume an individual makes a lump sum investment at the beginning of year one of $473,700. The expected return on this investment (received at each year-end) is as follows. Year 1: 156,400 Year 2: 120,600 Year 3: 155,700 Year 4: 178,900 What is the IRR of the investment under consideration?
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