Question
Your friend asks you to invest $15,000 in a business venture. Based on your? estimates, you would receive nothing for 3 years, at the end
Your friend asks you to invest $15,000 in a business venture. Based on your? estimates, you would receive nothing for 3 years, at the end of year 4 you would receive $5,407?, and at the end of year 5 you would receive $21,403. If your estimates are? correct, what would be the IRR on this? investment?
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Fundamentals Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
13th Edition
1265553602, 978-1265553609
