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Solve the following rate of return problems. a . An investment of $ 1 , 4 0 0 today returns $ 6 8 , 0

Solve the following rate of return problems.
a. An investment of $1,400 today returns $68,000 in 50 years. What is the internal rate of return on this investment?
b. An investment costs $650,000 today and promises a single payment of $13.3 million in 22 years. What is the promised rate of return, IRR, on this investment?
c. What return do you earn if you pay $23,910 for a stream of $5,000 payments lasting 10 years?
Note: Round your answers to 2 decimal places.
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