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Suppose you invest $3,250 today and receive $9,000 in five years. a. What is the internal rate of retum (IRR) of this opportunity? b. Suppose

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Suppose you invest $3,250 today and receive $9,000 in five years. a. What is the internal rate of retum (IRR) of this opportunity? b. Suppose another investment opportunity also requires $3,250 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 recelve each year? a. What is the internal rate of return (IRR) of this opportunity? The IRR of this opportunity is \%. (Round to two decimal places.) b. Suppose another investment opportunity also requires $3,250 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? The periodic payment that gives the same IRR is $ (Round to the nearest cent.)

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