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Your friend asks you to invest $8,000 in a business venture. Based on yourestimates, you would receive nothing for 3 years, at the end of

Your friend asks you to invest $8,000 in a business venture. Based on yourestimates, you would receive nothing for 3 years, at the end of year 4 you would receive $2,884, and at the end of year 5 you would receive $12,053. If your estimates arecorrect, what would be the IRR on thisinvestment?

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