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Calculate the PV of the following cashflows using a 7% discount rate. a) You pay 10/yr for 3 years with the first payment being today,

Calculate the PV of the following cashflows using a 7% discount rate.

a) You pay 10/yr for 3 years with the first payment being today, and then starting a year from today you will receive $6/yr for 6 years.

b) Is IRR>7%?

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