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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 NOI: $89,000 - 2nd year Expected NOl: \$91.773 - 3rd year Expected NOI: $94.526 - Ath year Expected NOl:\$97.362 - Sth year Expected NOI: $100,283 - Debt Service in each of the next five years: $58.444 - Current Market Values $885,000 - Required equityinvestmenti $221.250 - Net Sale Proceeds of Property at end of year 5: \$974,700 - Remaining Mortgage Balance at end of year 5: 5631,026 12.2%22.9%33.4%10.6%

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