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Jim began his investing program with a $10M initial investment. At beginning of the next two years, he deposits $5M and $6M and in third
Jim began his investing program with a $10M initial investment. At beginning of the next two years, he deposits $5M and $6M and in third year he withdrawals $8M from the account and then he liquidates the account at the total four-year period. The table below recaps his returns each year as well as the amounts he added to or made withdrawal from his investment accounts.What is his dollar- weighted average return (IRR)?
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