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An investor on the Shark Tank has offered an entrepreneur a deal with his company. Part of the deal is the investor wants a royalty
An investor on the "Shark Tank has offered an entrepreneur a deal with his company. Part of the deal is the investor wants a royalty on his investment. The investor will lend the entrepreneur $253|917.00 but wants $3.00 per unit sold The entrepreneur expects to sell 24,994.00 units per year each year going forward in perpetuity. What is the IRR for the investor? Submit Attempts Rema Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex 0.0924))
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