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Let's say that you, CEO of Grand Hospital, bought a older hospital to join Grand Hospital that needed significant work for $ 1 , 0

Let's say that you, CEO of Grand Hospital, bought a older hospital to join Grand Hospital that needed significant work for $1,000,000. Over the course of a year, you invested an additional $500,000 to renovate the hospital and bring it up to par with Grand Hospitals strategic plan for growth. But, you realize that the new renovated hospital will not be able to make a profit for 5 years. You decide to sell as the CFO did a market analysis and said that we would not make a profit writing 3 years. We are able to sell the new Hospital for $1,720,000. What would be the ROI?

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