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Internal Rate of Return (IRR): Assume that you purchase a property for $200,000 and it generates annual cash flows of $30,000 in Years 1-

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Internal Rate of Return (IRR): Assume that you purchase a property for $200,000 and it generates annual cash flows of $30,000 in Years 1- 3; and $45,000 in Years 4 & 5. You are able to sell it at the end of Year 5 for $500,000. Calculate the IRR for this investment property.

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