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Kaimalino Properties is evaluating a real estate investment of Mountain Ridge Estates. Management plans to buy the property today and sell it 8 years from

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Kaimalino Properties is evaluating a real estate investment of Mountain Ridge Estates. Management plans to buy the property today and sell it 8 years from today. The initial cost of the property is $6 million and the expected sale price is $26 million. What is the IRR of the investment? Enter your answer as a percentage and rounded to 2 DECIMAL PLACES, Do not include the percentage sign in your answer. Enter your response below. %

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