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You have been offered a unique investment opportunity. If you invest $48,000 today (at year 0), you'll receive annual payments of $24,000 at the end

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You have been offered a unique investment opportunity. If you invest $48,000 today (at year 0), you'll receive annual payments of $24,000 at the end of each of the next 8 years, starting at year 1. The discount rate for this opportunity is 57%. Approximately, what is the internal rate of return (IRR) of this investment opportunity? and should you accept or reject it based on IRR rule? IRR - 47.805%; Reject IRR - 38.244%; Reject IRR - 38.244%; Accept IRR - 47.805%; Accept

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