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Suppose you invest $1,500 today and expect to receive $150,000 in 40 years. Your cost of capital is 16%. a) What is the IRR? b)

Suppose you invest $1,500 today and expect to receive $150,000 in 40 years. Your cost of capital is 16%.

a) What is the IRR?

b) Does the IRR suggest I should invest?

c) What is the NPV?

d) Does the NPV suggest I should invest?

Answer with short, concise steps of what you did. You must include what you inputted into a financial calculator for a thumbs-up. DO NOT attempt without such calculator.

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