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Equity International invested $22,000,000 into a small self-storage portfolio in South Carolina 11 years ago. The business has thrived and this investment is now worth

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Equity International invested $22,000,000 into a small self-storage portfolio in South Carolina 11 years ago. The business has thrived and this investment is now worth $38,000,000. What is the annual rate of return on this investment? a. 0.42% b. 5.09% c. 5.00% d. #NUM! (not possible to calculate)

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