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Your friend asks you to invest $15,000 in a business venture.

Your friend asks you to invest $15,000 in a business venture. Based on your​ estimates, you would receive nothing for 3 years, at the end of year 4 you would receive $5,407​, and at the end of year 5 you would receive $21,403. If your estimates are​ correct, what would be the IRR on this​ investment?

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