Answer to Question #144369 in Finance for Bria

Question #144369
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?
1
Expert's answer
2020-11-17T07:22:58-0500


IRR lies between 9 and 10 . By simple interpolation IRR =


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