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Juanita has an opportunity to invest in her friend's clothing store. The initial investment is $10,200...

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.)

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Expert Solution

Ans. Juanita's IRR on this investment is 9.23

Detail calculation and explanation is attached below :-

jeff jeffy answered 1 year ago
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