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You pay $10,000 today to purchase an equity stake in a friend's business. You expect your equity stake will pay you $500 one year from

You pay $10,000 today to purchase an equity stake in a friend's business. You expect your equity stake will pay you $500 one year from today, $550 one year after that, then $605 the next year, etc. (you forecast cash flows will be annual and continue to grow 10% per year in perpetuity).What is the IRR of this investment opportunity?

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