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Please show calculations - Question 1 1 point Lakeview Properties is evaluating a real estate investment of Seabreeze Estates. Management plans to buy the property

image text in transcribedPlease show calculations

- Question 1 1 point Lakeview Properties is evaluating a real estate investment of Seabreeze Estates. Management plans to buy the property today and sell it 8 years from today. The initial cost of the property is $12 million and the expected sale price is $52 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. Number %

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