Solve the following rate of return problems.

a.An investment of $1,300 today returns $67,000 in 50 years. What is the internal rate

of return on this investment?

b. An investment costs $600,000 today and promises a single payment of $13.2

million in 22 years. What is the promised rate of return, IRR, on this investment?

c. What return do you earn if you pay $24,650 for a stream of $5,000 payments

lasting 10 years?

Note: Round your answers to 2 decimal places

Solve the following rate of return problems. a. An investment of $1,300 today returns $67,000 in 50 years. What is the internal rate of return on this investment? b. An investment costs $600,000 today and promises a single payment of $13.2 million in 22 years. What is the promised rate of return, IRR, on this investment? c. What return do you earn if you pay $24,650 for a stream of $5,000 payments lasting 10 years