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You are offered a chance to buy an asset for $3,400 that is expected to produce cash flows of $750 at the end of Year

You are offered a chance to buy an asset for $3,400 that is expected to produce cash flows of $750 at the end of Year 1, $1,000 of Year 2, $850 at the end of Year 3, and $3,250 at the end of Year 4. 


What rate of return would you earn if you bought this asset?

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