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Your friend offered a chance to buy an asset for $5000, that is expected to produce cash flows of $750 at the end of year
Your friend offered a chance to buy an asset for $5000, that is expected to produce cash flows of $750 at the end of year 1, $850 at the end of year 2, $1000 at the end of year 3 and $4,000 at the end of year 4. what rate of return is expected from the purchase of this asset?
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