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Find the rate of return of the following investment. MARR = 5% / year, wich can be also used as external rate of return. Note:

Find the rate of return of the following investment. MARR = 5% / year, wich can be also used as external rate of return. Note: For multiple sign reversals, invest positive amounts at the external rate to offset future expesnes, then solve for the IRR).

Year

$

0

+12

1

-9.8

2

+12.8

3

-18

4

4

5

5

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