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Listen Nora is thinking about buying a small business for $100,000. She expects to earn profits of $10,000 per year for 5 years and then

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Listen Nora is thinking about buying a small business for $100,000. She expects to earn profits of $10,000 per year for 5 years and then sell the business for $115,000 (also at the end of the fifth year). Calculate the IRR for the business. Round your answer to the nearest percent. AY

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