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Calculate the irr for the business

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Reference no: EM132355603

Nora is thinking about buying a small business for $100,000. She expects to earn profits of $10,000 per year for 5 years and then sell the business for $115,000 (also at the end of the fifth year).

Calculate the IRR for the business, round your answer to the nearest percent

Reference no: EM132355603

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