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Suppose you are offered $10,300 today but must make the following payments: If the appropriate discount rate is 23 percent, should you accept this offer?

Suppose you are offered $10,300 today but must make the following payments: If the appropriate discount rate is 23 percent, should you accept this offer?

Y0=10,300

Y1=-5500

Y2=-4200

Y3=-3300

Y4=-2000

What is IRR?

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