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Green Hills Properties is evaluating a real estate investment of West Ranch Estates. Management plans to buy the property today and sell it 12 years

Green Hills Properties is evaluating a real estate investment of West Ranch Estates. Management plans to buy the property today and sell it 12 years from today. The initial cost of the property is $15 million and the expected sale price is $60 million. What is the IRR of the investment? in percentages

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