Carrie Haute buys a fast-food restaurant for $500,000. She is very successfuland sells the business 6 years later for $1,375,000. What is Carrie’s internalrate of return?

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter8: Taxation Of Individuals
Section: Chapter Questions
Problem 64IIP
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Carrie Haute buys a fast-food restaurant for $500,000. She is very successful
and sells the business 6 years later for $1,375,000. What is Carrie’s internal
rate of return
?

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