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Jill buys a house for $800k, lives there for exactly 10 years and sells it. Suppose Jills annual cost of ownership is exactly equal to

Jill buys a house for $800k, lives there for exactly 10 years and sells it. Suppose Jills annual cost of ownership is exactly equal to the annual rent she would have paid to live in the same house. Suppose the price of Jills house grows 4.5% annually. Suppose selling expenses are 8% of the sale price. Compute Jills annual IRR from owning net of renting.

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