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Question 11 (1 point) Sam is thinking about buying a small business for $200,000. He expects to earn profits of $20,000 per year for 6

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Question 11 (1 point) Sam is thinking about buying a small business for $200,000. He expects to earn profits of $20,000 per year for 6 years and then sell the business for $215,000 (also at the end of the sixth year). Calculate the IRR for the business. Express your answer to 2 decimal places. Your

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