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Using the expected cash flows above, what is the internal rate of return, IRR, of the equity investment, if levered? Assume the project can be

Using the expected cash flows above, what is the internal rate of return, IRR, of the equity
investment, if levered? Assume the project can be purchased for $1.4 million with a
mortgage of $1.0 million. Assume a five-year holding period. (8 pts - show work)
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