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Juanita has an opportunity to invest in her friend's clothing store. The initial investment is $10,100 and the expected annual cashflows thereafter are {$300; $600;
Juanita has an opportunity to invest in her friend's clothing store. The initial investment is $10,100 and the expected annual cashflows thereafter are {$300; $600; $1,100; $2,500; $2,500; $5,000; $5,000}. What is Juanita's IRR on this investment? (Allow two decimals in the percentage but do not enter the % sign.)
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Introduction to Finance Markets Investments and Financial Management
Authors: Melicher Ronald, Norton Edgar
15th edition
