EMILY HANSEN HAS JUST INVESTED $200,000 IN A COMPANY. SHE EXPECTS TO RECEIVE $32,200 PER YEAR FOR THE NEXT EIGHT YEARS. HER COST OF CAPITAL IS 6 PERCENT. COMPUTE THE INTERNAL RATE OF RETURN. DID EMILY MAKE A GOOD DECISION?

EMILY HANSEN HAS JUST INVESTED $200,000 IN A COMPANY. SHE EXPECTS TO RECEIVE $32,200 PER YEAR FOR THE NEXT EIGHT YEARS. HER COST OF CAPITAL IS 6 PERCENT. COMPUTE THE INTERNAL RATE OF RETURN. DID EMILY MAKE A GOOD DECISION?

EMILY HANSEN HAS JUST INVESTED $200,000 IN A COMPANY. SHE EXPECTS TO RECEIVE $32,200 PER YEAR FOR THE NEXT EIGHT YEARS. HER COST OF CAPITAL IS 6 PERCENT. COMPUTE THE INTERNAL RATE OF RETURN. DID EMILY MAKE A GOOD DECISION?