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can you answer both parts? thanks You are considering a safe investment opportunity that requires a $670 investment today, and will pay $510 two years

image text in transcribedcan you answer both parts? thanks

You are considering a safe investment opportunity that requires a $670 investment today, and will pay $510 two years from now and another $550 five years from now. a. What is the IRR of this investment? b. If you are choosing between this investment and putting your money in a safe bank account that pays an EAR of 5% per year for any horizon, can you make the decision by simply comparing this EAR with the IRR of the investment? Explain. a. What is the IRR of this investment? The IRR of this investment is %. (Round to two decimal places.)

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