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Save Homework: M3: Chapter 7 Homework Score: 0 of 1 pt 5 of 12 (0 complete) HW Score: 0%, 0 of 12 pts P7-9 (similar

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Save Homework: M3: Chapter 7 Homework Score: 0 of 1 pt 5 of 12 (0 complete) HW Score: 0%, 0 of 12 pts P7-9 (similar to) Question Help You are considering an investment in a clothes distributer. The company needs $103,000 today and expects to repay you $127.000 in a year from now. What is the IRR of this investment opportunity? Given the riskiness of the investment opportunity, your cost of capital is 16%. What does the IRR rule say about whether you should invest? What is the IRR of this investment opportunity? The IRR of this investment opportunity is %. (Round to one decimal place.) then click Check

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