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Question 3 An investment was made to a 4 - year project for an initial sum of $ 5 0 , 0 0 0 .

Question $3$

An investment was made to a $4 -$ year project for an initial sum of $ $50, 000 .$ The investment gave rise to annual cash receipts of $ $15, 000,$ $ $20, 500,$ $ $25, 500,$ and $ $29, 000$ respectively in Year $1, 2, 3,$ and $4$ respectively. Determine the IRR for this investment.

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Question 3 An investment was made to a 4 - year project for an initial sum of $ 5 0 , 0 0 0 .

Question 3 An investment was made to a 4-year project for an initial sum of $50,000. The investment gave rise to annual cash receipts of $15,000,$20,500,$25,500, and $29,000 respectively in Year 1,2,3, and 4 respectively. Determine the IRR for this investment.

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Question $3$

An investment was made to a $4 -$ year project for an initial sum of $ $50, 000 .$ The investment gave rise to annual cash receipts of $ $15, 000,$ $ $20, 500,$ $ $25, 500,$ and $ $29, 000$ respectively in Year $1, 2, 3,$ and $4$ respectively. Determine the IRR for this investment.