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SHOW ALL WORK. Ignore income taxes in all problems. An investment of P dollars now will yield cash inflows of $3,000 at the end of
SHOW ALL WORK. Ignore income taxes in all problems.
An investment of P dollars now will yield cash inflows of $3,000 at the end of the first year and $2,000 at the end of the fourth year. If the internal rate of return for this investment is 20%, then what is the value of P?
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