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A property generates $80,000 in net operating income. You purchase the property at a 6.4% cap rate and then sell it at a 5% cap

A property generates $80,000 in net operating income. You purchase the property at a 6.4% cap rate and then sell it at a 5% cap rate one year later after receiving the net operating income at the end of the first year. What is your internal rate of return?

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