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Suppose you invest $ 3 5 0 0 today and receive $ 9 5 0 0 in 1 5 years. a . What is the
Suppose you invest $ today and receive $ in years.
a What is the internal rate of returnIRR of this opportunity?
b Suppose another investment opportunity also requires $upfront but pays an equal amount at the end of each year for the next 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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