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Question 4: Shelly is considering an investment opportunity. She can invest $4,000 today and collect $1,200 a year for five years. As her business is
Question 4: Shelly is considering an investment opportunity. She can invest $4,000 today and collect $1,200 a year for five years. As her business is effectively earning 16% a year on amounts invested, Shania only wants to consider a higher IRR as a potential investment. Should she put $4,000 into this opportunity?
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