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Assume that an industrial building can be purchased for $1,500,000 today, is expected generate NOIs of $80,000 for each of the next five years, and
- Assume that an industrial building can be purchased for $1,500,000 today, is expected generate NOIs of $80,000 for each of the next five years, and can be sold at the end of the fifth year for $1,625,000. Calculate the internal rate of return (IRR) for this transaction.
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