Question
Kaimalino Properties is evaluating a real estate investment of Mountain Ridge Estates. Management plans to buy the property today and sell it 10 years from
Kaimalino Properties is evaluating a real estate investment of Mountain Ridge Estates. Management plans to buy the property today and sell it 10 years from today. The initial cost of the property is $18 million and the expected sale price is $56 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.
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Financial Management In The Public Sector Tools Applications And Cases
Authors: Xiaohu Wang
1st Edition
0765616785, 9780765616784
