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10. A property produces an after tax internal rate of return of 12.24%. If the investor has a marginal tax rate of 31%, what is

10. A property produces an after tax internal rate of return of 12.24%. If the investor has a marginal tax rate of 31%, what is the before-tax equivalent yield? (D)
(A)8.45%
(B)11.39%
(C)16.03%
(D)17.74%

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