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Suppose you invest $ 3000 today and receive $10,500 in five years. a. What is the internal rate of return (IRR) of this opportunity? b.
Suppose you invest $ 3000 today and receive $10,500 in five years. a. What is the internal rate of return (IRR) of this opportunity? b. Suppose another investment opportunity also requires $3000 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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