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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
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 $400,000. Calculate the IRR for this investment property. NOTE - Enter your answer as a percentage instead of a decimal. Ex: (1\% instead of 0.01). Round to the nearest two-decimal-places. 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 $400,000. Calculate the IRR for this investment property. NOTE - Enter your answer as a percentage instead of a decimal. Ex: (1\% instead of 0.01). Round to the nearest two-decimal-places
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