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-4.16 (similar to) Sara Holliday must earn a return of 11% on an investment that...

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Accounting

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-4.16 (similar to) Sara Holliday must earn a return of 11% on an investment that requires an initial outlay of $2,900 and promises to return $6,400 in 8 years, a. Use present-value techniques to estimate the yield on this investment. b. On the basis of your finding in part a, should Sara make the proposed investment? a. The yield on this investment is % (Enter as a percentage and round to two decimal places.)

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