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I am getting stuck in trying to figure out the discount rate or IRR for the following question.. An investment of $210 produces a perpetual
I am getting stuck in trying to figure out the discount rate or IRR for the following question..An investment of $210 produces a perpetual stream of cash inflows. Next year, the cash inflow will be $10.50, and the cash inflow will grow at 5% per year. What is the internal rate of return on this investment?
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