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You are considering investing in a company that has the following cash flows. Your required rate of return, or hurdle rate, for any project is

You are considering investing in a company that has the following cash flows. Your required rate of return, or hurdle rate, for any project is 8%. The company needs to invest $50,000 at the onset and then expects cash flows of $13,000 the first year, $15,000 the second year, $17,000 the third year, and $18,000 in the fourth year. What is the internal rate of return on this opportunity? Would you invest?

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