For the same property with net operating cash flows of $15,000, $16,000, $20,000, $22,000, and $17,000 as well as a sale price of $200,000 at the end of the fifth year, what is the IRR if the investor pays $170,000? Answer as a percentage out to 2 decimal places.

For the same property with net operating cash flows of $15,000, $16,000, $20,000, $22,000, and $17,000 as well as a sale price of $200,000 at the end of the fifth year, what is the IRR if the investor pays $170,000? Answer as a percentage out to 2 decimal places.

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter11: Venture Capital Valuation Methods

Section: Chapter Questions

Problem 1aM

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