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A real estate property has the following expected cash flows: YEAR // CASH FLOW 0// -$85,784.00 1// $10,169.00 2 // $25,489.00 3 // $50,636.00 4

A real estate property has the following expected cash flows:

YEAR // CASH FLOW

0// -$85,784.00

1// $10,169.00

2 // $25,489.00

3 // $50,636.00

4 // $38,511.00

The investor wants to earn at least 9.00% on any real estate property. What is the IRR of this investment?

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