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Explain Answer and Answer all parts Assume that an investment generates the following income stream,?, and can be purchased at the beginning of 2017 for
Explain Answer and Answer all parts
Assume that an investment generates the following income stream,?, and can be purchased at the beginning of 2017 for $1,000 and sold at the end of 2023 for $1,200. Estimate the IRR for this investment. If a minimum return of 9% is required, would you recommend this investment? The IRR on this investment is % Enter as a percentage and round to two decimal places. Since the yield calculated above i:s than the minimum required return of 9%, the investment is It in NPV to the investor. (Select from the drop-down menus.) recommended not recommended
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