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Your friend asks you to invest $11,000 in a business venture. Based on your estimates, you would receive nothing for 3 years, at the end

Your friend asks you to invest $11,000 in a business venture. Based on your estimates, you would receive nothing for 3 years, at the end of year 4 you would receive $ 3,965, and at the end of year 5, you would receive $14,249. If your estimates are correct, what would be the IRR on this investment?

The yield on this investment is %. (Round to the nearest whole percent.)

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