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You have just paid $20 million in the secondary market for t

Paper help Economics You have just paid $20 million in the secondary market for t

Economics

You have just paid $20 million in the secondary market for t

You have just paid $20 million in the secondary market for the winning Powerball lottery ticket. Th… Show more You have just paid $20 million in the secondary market for the winning Powerball lottery ticket. The prize is $2 million at the end of each year for the next 25 years. If your required rate of return is 8%, what are the internal rate of return (IRR) and modified internal rate of return (MIRR)? Given the Net Present Value – NPV = $1.35 million. Please show all workings and calculations. Thanks. • Show less

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