You are considering the purchase of a commercial office property. Incorporating purchase and sale, you expect the property to produce the following (unlevered) cash flow: in millions of USD Property Cash Flow Year o -20.5 Year 1 1.3 Year 2 1.1 Year 3 1.5 Year 4 1.5 Year 5 25.6 In connection with this investment, a banker has commited to provide debt financing under the following terms: Interest rate: 6.00% per year Payment frequency: annual (end of each year) Upfront fee: 1.00% Loan amount: $14 million Amortization term: 25 years Maturity term: 5 years O O Given these terms, calculate the levered (equity) internal rate of return for this investment. Round your answer to four decimal places, i.e. enter 2.99% as .0299. You are considering the purchase of a commercial office property. Incorporating purchase and sale, you expect the property to produce the following (unlevered) cash flow: in millions of USD Property Cash Flow Year o -20.5 Year 1 1.3 Year 2 1.1 Year 3 1.5 Year 4 1.5 Year 5 25.6 In connection with this investment, a banker has commited to provide debt financing under the following terms: Interest rate: 6.00% per year Payment frequency: annual (end of each year) Upfront fee: 1.00% Loan amount: $14 million Amortization term: 25 years Maturity term: 5 years O O Given these terms, calculate the levered (equity) internal rate of return for this investment. Round your answer to four decimal places, i.e. enter 2.99% as .0299