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Kate Berry will not invest unless she can earn at least​ a(n) 5​% return. She is...

Kate Berry will not invest unless she can earn at least​ a(n) 5​% return. She is evaluating an investment opportunity that requires an initial outlay of

​$2,100 and promises to return $4,000 in 10 years.

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

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jeff jeffy answered 2 years ago
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