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Assume you invest 4000 today in an investment that promises

Question: Assume you invest $4,000 today in an investment that promises to return $9,000 in exactly 10 years.

a. Use the present value technique to estimate the IRR on this investment.

b. If a minimum annual return of 9% is required, would you recommend this investment?

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Accounting Basics: Assume you invest 4000 today in an investment that promises

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