22 1. Given the following information on an existing real estate loan and a new loan, what is the internal rate of return of refinancing the old loan at the end of Year 5? (round your answer to the closest number) Loan Amount Duration Fully Amorazed Interest Rate Origination Fee Prepayment Penalty O 6% 0.9% O 7% 8% 5% Old Loan 4,000,000 30 years Yes 7% 3% 5% New Loan 25 years Yes 6% 3% 4% 1 pts