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You are buying an investment with a purchase price of $2,000,000. Income each successive year will be $100,000, $200,000, -$200,000, and finally -$500,000. You believe
You are buying an investment with a purchase price of $2,000,000. Income each successive year will be $100,000, $200,000, -$200,000, and finally -$500,000. You believe that you can sell the property for $2,400,000. Based on the cashflow, what is the IRR? Use 2 Decimal Palces.
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