Juanita has an apportunity to invest in her friend clothing store.the initial investment is $10,200 and the expected annual cash flow thereafter are ($300,$700,$1,300, $2000,$5000,$5000) . What is Juanita IRR on this investment?
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Expert's answer
2020-11-17T07:22:58-0500
IRR lies between 9"\\%" and 10"\\%" . By simple interpolation IRR = "9""\\%""+""1""\\%""\\times""\\frac{101}{376+101} = 9.21\\%"
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