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The following investment return will result in what dollar weighted return? An initial outlay of $45,000, with three years of additional outflows of $12,000 each,
The following investment return will result in what dollar weighted return? An initial outlay of $45,000, with three years of additional outflows of $12,000 each, and inflows as follows: $13,000 the first year, $17,000 in years 2 and 3, and sale of the property at the end of year 3 for $70,000. Show all work.
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