If an investment has an estimated cost of £1000, and it offers £550 the first and the second year after the investment, the internal rate of return (IRR) of it is approximately O A. 6.6% O B. 4.5% OC. 3.7% O D.5.5%
If an investment has an estimated cost of £1000, and it offers £550 the first and the second year after the investment, the internal rate of return (IRR) of it is approximately O A. 6.6% O B. 4.5% OC. 3.7% O D.5.5%
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Hello can you please help me with this econ question?
![If an investment has an estimated cost of £1000, and it offers £550 the first and the second year after the investment, the internal rate of return (IRR)
of it is approximately
A. 6.6%
B. 4.5%
C. 3.7%
O D.5.5%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc5b40a9f-475a-4cfd-9857-d804cfc401dc%2F813432b0-5435-4f64-9220-a5caa02301a6%2F0mkcuj4_processed.jpeg&w=3840&q=75)
Transcribed Image Text:If an investment has an estimated cost of £1000, and it offers £550 the first and the second year after the investment, the internal rate of return (IRR)
of it is approximately
A. 6.6%
B. 4.5%
C. 3.7%
O D.5.5%
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