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Assume you invest $8,400 today in an investment that promises to return $ 32,223 in exactly 10 years. a. Use the present-value technique to estimate

Assume you invest $8,400 today in an investment that promises to return $ 32,223 in exactly 10 years.

a. Use the present-value technique to estimate the IRR on this investment.

b. If a minimum annual return of 17 % is required, would you recommend this investment?

a. The IRR of the investment is nothing %.

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