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Consider an investment that will pay you $350 per month in each of the next 25 years. At the end of that time, it will

Consider an investment that will pay you $350 per month in each of the next 25 years. At the end of that time, it will pay you an additional $15,000.

a) If this investment costs you $30,000, what is its internal rate of return?

b) What is the NPV of this investment if your required rate of return is 12 percent?

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