Question: You invest 75,000 in a coffee shop The first year of operations you earn $1,000 each month

Question: You invest 75,000 in a coffee shop The first year of operations you earn $1,000 each month

Question:

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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