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Question 12 4 pts An apartment building in your neighborhood is for sale for $500,000. The building has 5 units that can are rented
Question 12 4 pts An apartment building in your neighborhood is for sale for $500,000. The building has 5 units that can are rented for $750 per month with lease agreements lasting 5 years. Maintenance and other expenses are $15,000 annually. A new high rise office building is scheduled to be built starting in 5 years and the contractor has offered to buy this property for $650,000. What is the internal rate of return for this investment?
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