Question: Please show all work (8 points) Louis is evaluating an investment. They will pay X right now and 1.3X in one year. In exchange, they

Please show all work (8 points) Louis is evaluating an investment. They Please show all work

(8 points) Louis is evaluating an investment. They will pay X right now and 1.3X in one year. In exchange, they will receive $22,000, $20,000, and $28,000 at the ends of years 3, 4, and 5, respectively. What should X be if they want to achieve an effective annual internal rate of return of 6.2%

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