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Your friend asks you to invest $1,000 in a business venture. Based on your estimates, you would receive nothing for 3 years, at the end

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Your friend asks you to invest $1,000 in a business venture. Based on your estimates, you would receive nothing for 3 years, at the end of year 4 you would receive $360, and at the end of year 5 you would receive S 1,227- lf your estimates are correct, what would be the IRR on this investm ent? The yield on this investment is LJ96. (Round to the nearest whole percent)

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