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Rania Farouk must earn a return of 12% on an investment that requires an initial outlay of $2000 and promises to return $6000 in eight

Rania Farouk must earn a return of 12% on an investment that requires an initial outlay of $2000 and promises to return $6000 in eight years. A Estimate the IRR on this investment. b. on the basis of your finding in part a, should Rania make the proposed investment.

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