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You are considering an impact investment in Africa that requires an initial cost of $200,000. With the popularity of these types of investment, you estimate

You are considering an impact investment in Africa that requires an initial cost of $200,000. With the popularity of these types of investment, you estimate the investment will be worth $250,000 next year. What is your rate of return for this investment if your forecast is right and you

a) pay cash for the investment?

b) borrows 50% of the investment cost? (Ignore all transaction costs and taxes)

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