The returns are given as $20,000 first year, $15,000 the second year, and $5,000 the third year
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Question:
The returns are given as $20,000 first year, $15,000 the second year, and $5,000 the third year with 7% cost of capital for a business. If you were given an opportunity to invest in this business, and you paid $25,000 for the business, what rate of return would that business produce for you?
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