1. What is the relationship between payday loans and market structure?
2. CF0 -93000
CF1 5,200
CF2 42,900
CF3 15,600
CF4 14,200
CF5 55,700
CF6 23,500
IRR ?
Given the above cash flows, what is the internal rate of return? (express your answers as a percent without the % sign e.g. xx.xx )