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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 $249,642.00 but wants $3.00 per unit sold. The entrepreneur expects to sell 20,368.00 units per year each year going forward in perpetuity. What is the IRR for the investor? Answer format: Percentage Round to: 2 docimal places (Example: 9.24%,% sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
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