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What is the IRR for an investment of 10000 that gives returns of 5000, 5000 and 2000 in years 1, 2 and 3 respectively?
What is the IRR for an investment of 10000 that gives returns of 5000, 5000 and 2000 in years 1, 2 and 3 respectively? There are two projects. One has an IRR of 12, the other has an IRR of 14. The hurdle rate is 13%. Which project do you choose and why?
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