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A duplex is available for purchase near the university. You estimate that you can rent one of the units for $750 and the other for

A duplex is available for purchase near the university. You estimate that you can rent one of the units for $750 and the other for $650 a month. Expenses will be $125 a month. The current sales price is 165,000 and you estimate the property will be worth 360,000 in 10 years (9 cash flows and final value in year 10). What is your estimated annual IRR for this property?

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