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You bought an asset 20 years ago for $500,000. You recently sold it for $800,000. Stright Line depreciation has been used with a life of

You bought an asset 20 years ago for $500,000. You recently sold it for $800,000. Stright Line depreciation has been used with a life of 40 years and no salvage. This asset produced BTCF of $41,000 each year. Tax rates are 40% on ordinary income and 20% on capital gains. Calculate the after tax IRR that you have earned on this asset.

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