Question
A local entrepreneur asks you to invest $ 7, 000 in a business venture. Based on your estimates, you would receive nothing for 3 years,
A local entrepreneur asks you to invest $ 7, 000 in a business venture. Based on your estimates, you would receive nothing for 3 years, at the end of year 4 you would receive $2, 523, and at the end of year 5 you would receive $ 13,643 . If your estimates are correct, what would be the IRR on this investment?
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Financial Analysis With Microsoft Excel 2016
Authors: Timothy R. Mayes, Todd M. Shank
8th Edition
1337298042, 9781337298049
