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You are offered a chance to buy an asset for $4,500 that is expected to...

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Finance

You are offered a chance to buy an asset for $4,500 that is expected to produce cash flows of $750 at the end of Year 1, $1,000 at the end of Year 2, $850 at the end of Year 3, and $5,550 at the end of Year 4. What rate of return would you earn if you bought this asset?

a.

26.72%
b.

19.90%
c.

22.64%
d.

16.98%
e.

22.87%

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