Suppose you purchased an income producing property for $95,000 five years ago with a lease in place that paid $10,000 per year at the end of each year. If you are able to sell the property at the end of year 5 for $100,000 (after receiving your final lease payment), what was the internal rate of return (IRR) on this investment? You may assume all cash flows are net amounts. (Input your answer as a percentage rounded to the nearest tenth and without the % sign, e.g., 12.5% is input as 12.5 not 0.125)

Suppose you purchased an income producing property for $95,000 five years ago with a lease in place that paid $10,000 per year at the end of each year. If you are able to sell the property at the end of year 5 for $100,000 (after receiving your final lease payment), what was the internal rate of return (IRR) on this investment? You may assume all cash flows are net amounts. (Input your answer as a percentage rounded to the nearest tenth and without the \% sign, e.g. 12.5% is input as 12.5 not 0.125 )