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Sunny and Sher are evaluating an investment opportunity that has an upfront cost of $40,000 and provides a $9,500 end-of-year payment every year for the
Sunny and Sher are evaluating an investment opportunity that has an upfront cost of $40,000 and provides a $9,500 end-of-year payment every year for the next 5 years. They require a minimum return of 7% per year. Based on the internal rate of return (IRR) method, should Sunny and Sher undertake the investment? Round to 0.00.
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