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Suppose you invest $2,750 today and receive $10,750 in five years. a. What is the internal rate of return (IRR) of this opportunity? round percentage

Suppose you invest $2,750 today and receive $10,750 in five years.

a. What is the internal rate of return (IRR) of this opportunity? round percentage to two decimal places

b. Suppose another investment opportunity also requires $2,750

upfront, but pays an equal amount at the end of each year for the next five years. If this investment has the same IRR as the first one, what is the amount you will receive each year?

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