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You are considering a property that will cost $54,200 today.  NOI from the property is expected to...

  1. You are considering a property that will cost $54,200 today.  NOI from the property is expected to be $20,608 each year for the next five years.  Also, at the end of the fifth year, you expect you can sell the property for $13,200.  What is the property’s IRR?

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