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Property with after - tax IRR of 1 0 . 6 3 percent. The same property's before - tax IRR of 1 5 . 8

Property with after-tax IRR of 10.63 percent. The same property's before-tax IRR of 15.8 percent. The Investor's tax rate was 35 percent. As a percentage, how much lower is the property's After-tax IRR compared to its before-tax IRR?
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