What is the internal rate of return for the following


What is the internal rate of return for the following investment: $10,000 invested at the beginning of the first year (now); $6,000 invested at the end of the first year; and $22,000 withdrawn at the end of the fourth year?

a. 9.16%

b. 12.60%

c. 18.82%

 

d. 4.62%

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