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Determine which project will be the better investment

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Your friend reports that they came across an alternative condominium with a 30% Internal Rate of Return over the same three-year investment period (much higher than the one you found above). You both agree you only have enough time and energy to take on one of the projects.

Based on the information provided, can you determine which project will be the better investment? If so, which one? If not, why not?

Reference no: EM132480961

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