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An office building is purchased with the following projected cash flows: NOI is expected to be...

An office building is purchased with the following projected cash flows: NOI is expected to be $180,000 in year 1 with 2 percent annual increa The purchase price of the property is $910,000. 100% equity financing is used to purchase the property The property is sold at the end of year 4 for $970,000 with selling cost 8 %

Calculate the unlevered internal rate of return (IRR).

A. 19.9%

B. 20.7%

C. 21.5%

D. 22.3%

E. 23.1%

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jeff jeffy answered 5 months ago
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