10) Given the following information regarding an income producing property, determine the unlevered internal rate of return (IRR): expected holding period: five years; 1st year expected NOI: $89,100; 2nd year expected NOI: S91,773; 3rd year expected NOI: S94,526; 4th year expected NOI: $97,362; 5th year expected NOI: $100,283; debt service in each of the next five years: S58,444; current market value: $858,000; required equity investment: $221,250; net sale proceeds of property at end of year 5: $947,700; remaining mortgage balance at end of year 5: $631,026