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Calculate the leveraged IRR given the following assumptions: 1. Initial equity investment of $3.0 million 2. Net Operating Income before Debt Service: Yr 1 =

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Calculate the leveraged IRR given the following assumptions: 1. Initial equity investment of $3.0 million 2. Net Operating Income before Debt Service: Yr 1 = $200K, Yr2 = $250K, Yrs 3-4 = $300K each year, Year 5 = $7.5 million 3. Debt Service Payment = $50K per year 4. Unamortized portion of loan to be repaid at the end of Year 5 = $500K

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