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Need a & b Suppose you invest $4,000 today and receive $10,500 in 15 years. a. What is the internal rate of return (IRR) of

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Need a & b

Suppose you invest $4,000 today and receive $10,500 in 15 years. a. What is the internal rate of return (IRR) of this opportunity? b. Suppose another investment opportunity also requires $4,000 upfront, but pays an equal amount at the end of each year for the next 15 years. If this investment has the same IRR as the first one, what is the amount you will receive each year? a. What is the internal rate of return (IRR) of this opportunity? The IRR of this opportunity is \%. (Round to two decimal places.)

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