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P7-10. Problems With Internal Rate of Return Suppose you are offered $7,000 today but must make payments over the next four years. Year Cash Flows

P7-10. Problems With Internal Rate of Return Suppose you are offered $7,000 today but must make payments over the next four years. Year Cash Flows ($) 0 $7,000 1 3,700 2 2,400 3 1,500 4 1,200 a. What is the IRR of this offer?

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