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You have been offered a unique investment opportunity. If you invest $107,105.21 today (at year 0), youll receive annual payments of $22,000 at the end
You have been offered a unique investment opportunity. If you invest $107,105.21 today (at year 0), youll receive annual payments of $22,000 at the end of each of the next 7 years, starting at year 1. What is the internal rate of return (IRR) of this investment opportunity?
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10.0%
7.0%
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