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Long term investment decision IRR method Billy and Mandy Jones have 25000 to invest On average they do not make any investment that will not return at least 75 per year They have been approach

Long-term investment decision, IRR method Billy and Mandy Jones have $25,000 to invest. On average, they do not make any investment that will not return at least 7.5% per year. They have been approached with an investment opportunity that requires $25,000 upfront and has a payout of $6,000 at the end of each of the next 5 years. Using the internal rate of return (IRR) method and their requirements, determine whether Billy and Mandy should undertake the investment. 

Jun 03 2021 View more View Less

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