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Solve the following rate of return problems. a. An investment of $1,200 today returns $66,000 in 50 years. What is the internal rate of
Solve the following rate of return problems. a. An investment of $1,200 today returns $66,000 in 50 years. What is the internal rate of return on this investment? b. An investment costs $950,000 today and promises a single payment of $13.1 million in 22 years. What is the promised rate of return, IRR, on this investment? c. What return do you earn if you pay $22,700 for a stream of $4,000 payments lasting 10 years? Note: Round your answers to 2 decimal places. a. IRR b. IRR c. IRR % % %
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