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Given Given the following information regarding an income producing property, determine the unlevered internal rate of return (IRR) - Expected Holding Period: 5 years -

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Given Given the following information regarding an income producing property, determine the unlevered internal rate of return (IRR) - Expected Holding Period: 5 years - 1st year Expected NOl: $89,000 - 2nd year Expected NOl: $91,773 - 3rd year Expected NOI: $94,526 - 4th year Expected NOI: $97,362 - 5th year Expected NOI: $100,283 - Debt Service in each of the next five years: $58,444 - Current Market Value: $885,000 - Required equity investment: $221,250 - Net Sale Proceeds of Property at end of year 5:\$974,700 - Remaining Mortgage Balance at end of year 5: \$631,026 10.6% 12.2% 22.9% 33.4%

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