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Assume that you purchase a property for $300,000 and it generates annual cash flows of $30,000 in Years 1-3; and $45,000 in Years 4 &

Assume that you purchase a property for $300,000 and it generates annual cash flows of $30,000 in Years 1-3; and $45,000 in Years 4 \& 5. You are able to sell it at the end of Year 5 for $400,000. Calculate the IRR for this investment property

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