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Using A financial Calculator solve the following and also a step by step analysis of the input: . . . . Given Given the following

Using A financial Calculator solve the following and also a step by step analysis of the input:

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. . . . Given Given the following information regarding an income producing determine the levered internal rate of return (IRR): Expected Holding Period: 5 years 1st year Expected NOI: $89,000 2nd year Expected NOI: $91,773 3rd year Expected NOI: $94,526 4th year Expected NOI: $97,362 5th year Expected NOI: $100,283 Debt Service in each of the next five years: $58,444 Current Market Value: $885,000 Required equity investment: $221,250 Net Sale Proceeds of Property at end of year 5: $974,700 Remaining Mortgage Balance at end of year 5: $631,026

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