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Question 3 Golda is considering a project which requires an amount of N$3000.00 and another amount of N$1000.00 after 1 year. After two years' time,
Question 3 Golda is considering a project which requires an amount of N$3000.00 and another amount of N$1000.00 after 1 year. After two years' time, when the project ends, she expects an inflow of N$4500.00. what is the internal rate of return (IRR) of this project? Is the above Investment profitable? Assume that Golda can lend and borrow at the same fixed rate of 7.13% per annum. [8]
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