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URGENT! An investment firm is selling a new product that will pay $100at the end of each of the next 20 years. If the new

URGENT! An investment firm is selling a new product that will pay $100at the end of each of the next 20 years. If the new investment costs $1,246 to purchase, what is its internal rate of return (IRR)? a. 9% b. 11% c. 3% d. 5% e. 7%

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