8B - Graded 1 Kalmalino Properties is evaluating a real estate investment of Mountain Ridge Estates Management plans to buy the property today and sell it 10 years from today. The initial cost of the property is $16 million and the expected sale price is $38 million. What is the IRR of the investment? Enter your answer as a percentage and rounded to 2 DECIMAL PLACES. Do not include the percentage sign in your answer Enter your response below. Number 90