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Suppose a photo laboratory purchased $12 of new printing equipment. It is expected that this investment will yield $4 at the end of the first
Suppose a photo laboratory purchased $12 of new printing equipment. It is expected that this investment will yield $4 at the end of the first year. $5 at the end of the second year, 584 at the end of the third year, and $3 at the end of the fourth year. Use two iterations of the Newton's method to approximate the internal rate of return of this investment. Clearly show all your steps
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