what is irr?

dient has requested advice on a potential investment opportunity involving an income-producing property. ee woudd tike you to determine the intemal rale of retum of the investment opportunity based on the fosiowing informalion expected holding period yoars; end of first r NOl estimate: 565,000 : NOI estimates in subsequent yoars will grow by 2% per year; price at which the property is expected to be sold at the tind of year 5 : 715.205, current market price of the property: 51,375,067 19.78 3. 88% 9.04% 10.54% 0556