Question10 10 pts Consider the purchase of a rental property for $400,000. You can borrow at 80 % LTV and finance the property with a $320,000 mortgage at 7% (30- year amortization) with an annual debt service of $25,548. Expected NOI for the first 5 years is $36,000, $37,080, $38,192, $39,338, and $40,518 respectively. Assume that you can sell the property at the end of year 5 to net $417,339 with a remaining mortgage balance of $301,221. What is the leveraged IRR on this investment? O 21.23% O 18.37% 20.51% O 17.99% 24.02% No new data to save. Last checked at 2:16am