(Answered) You invest 75000 in a coffee shop the first year of

Economics

You invest 75,000 in a coffee shop. The first year of operations you earn $1,000 each month. The second year you earn 1500/month. The third year you earn 2,000 a month. The fourth year you earn 2500 a month. The fifth and final year you earn 3000 a month. At the end of year 5 you sell the business for 100,000. What was the annualized IRR of this project?

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Business Economics, Economics

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