Juanita has an opportunity to invest in her friends, Financial Management

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Juanita has an opportunity to invest in her friends

Juanita has an opportunity to invest in her friend's clothing store. The initial investment is $10,700 and the expected annual cash flows thereafter are as follows: {$400; $500; $1,000; $2,000; $2,000; $4,000; $4,000}. What is Juanita's IRR on this investment?

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