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Question 20 (2 points) Listen An investment opportunity requires an initial cash outlay of $70,000. Thereafter, it is expect to earn profits of $15,000
Question 20 (2 points) Listen An investment opportunity requires an initial cash outlay of $70,000. Thereafter, it is expect to earn profits of $15,000 per year for 6 years. Calculate the IRR for the investment. Express your answer as a percent rounded to 2 decimal places but don't include the % sign.
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
10th Edition
1119491630, 978-1119491637, 978-0470534793
