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A real estate property has the following expected cash flows: YEAR CASH FLOW 0 -$87,065.00 1 $10,503.00 2 $25,542.00 3 $50,396.00 4 $39,051.00 The investor
A real estate property has the following expected cash flows:
YEAR | CASH FLOW |
---|---|
0 | -$87,065.00 |
1 | $10,503.00 |
2 | $25,542.00 |
3 | $50,396.00 |
4 | $39,051.00 |
The investor wants to earn at least 10.00% on any real estate property.
What is the IRR of this investment?
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