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Hank Bosco found an investment opportunity that costs $12,000 today and will pay $14,500 in two years. The IRR of this opportunity is closest to:

Hank Bosco found an investment opportunity that costs $12,000 today and will pay $14,500 in two years. The IRR of this opportunity is closest to:

a.

7.50%

b.

7.25%

c.

10.00%

d.

15.00%

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