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now You are considering a safe investment opportunity that requires a $690 investment today, and will pay 5670 two years from now and another $530

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now You are considering a safe investment opportunity that requires a $690 investment today, and will pay 5670 two years from now and another $530 five years from a. What is the IRR of this investment? b. If you are choosing between this investment and putting your money in a safe bank account that pays an EAR of 5% per year for any horizon, can you make the decision by simply comparing this EAR with the IRR of the investment? Explain a. What is the IRR of this investment? The IRR of this investment is 1% (Round to two decimal places)

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