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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
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: $89,100
2nd year expected NOI: $91,773
3rd year expected NOI: $ 94,526
4th year expected NOI: $97,362
5th year expected NOI: $100,283
Current market value: $885,000
Net Sale Proceeds of Property at end of year 5: $974,700
Use the Trial and Error method with discount rates of 12% and % for NPV calculation then determine the IRR between it.
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