Question
Juanita has an opportunity to invest in her friend's clothing store. The initial investment is $10,600 and the expected annual cashflows thereafter are as follows:
Juanita has an opportunity to invest in her friend's clothing store. The initial investment is $10,600 and the expected annual cashflows thereafter are as follows: {$400; $500; $1,400; $2,500; $2,500; $4,000; $4,000}. What is Juanita's IRR on this investment?
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Contemporary Financial Management
Authors: R. Charles Moyer, William J. Kretlow, James R. Mcguigan
8th Edition
0324065914, 9780324065916
