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You are offered an investment opportunity for which you would have to pay 1000 in six months time (t=0.5) in order to receive a return

You are offered an investment opportunity for which you would have to pay 1000 in six months time (t=0.5) in order to receive a return of 5000 at year 5 (t=5).There are no other cash flows. Your hurdle rate is 20%.What is the Internal Rate of Return (IRR) of the project?

A. 137.97%

B. 43.00%

C. 37.97%

D. 143.00%

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