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Mountain Ridge Properties is eva uating a real estate Investment of Ocean Park Estates Management plans to buy the property today and self 11 years

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Mountain Ridge Properties is eva uating a real estate Investment of Ocean Park Estates Management plans to buy the property today and self 11 years from today. The initial cost of the property is $20 million and the expected sale price is $41 millon. What is the IRR of the Investment Enter your answer as a percentage and rounded to 2 DECIMAL PLACES. Do not include the percentago sign in your answer. Enter your response below Number

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