You are offered a chance to buy (cash outflow) an asset for $120,000 that is...
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You are offered a chance to buy (cash outflow) an asset for $120,000 that is expected to produce cash inflows of $80,000 at the end of Year 1, $47,000 at the end of Year 2, $52,000 at the end of Year 3, and $40,000 at the end of Year 4. What rate of return (IRR) would you earn if you bought this asset
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