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Answer to Question #144420 in Finance for Bria
Question #144420
Question 2
Juanita has an opportunity to invest in her friend's clothing store. The initial investment is $10,200 and the expected annual cashflows thereafter are {$300; $700; $1,300; $2,000; $2,000; $5,000; $5,000}. What is Juanita's IRR on this investment? (Allow two decimals in the percentage but do not enter the % sign.)
Juanita has an opportunity to invest in her friend's clothing store. The initial investment is $10,200 and the expected annual cashflows thereafter are {$300; $700; $1,300; $2,000; $2,000; $5,000; $5,000}. What is Juanita's IRR on this investment? (Allow two decimals in the percentage but do not enter the % sign.)
Expert's answer
The given information can be entered in the table as shown below.
IRR lies between 9"\\%" and 10"\\%" . By simple interpolation IRR = "9""\\%""+""1""\\%""\\times""\\frac{101}{376+101} = 9.21"
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