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You buy a house today for $200,000 and also spend $80,000 today for renovations to be made a rental income of $30,000 per year forever,

You buy a house today for $200,000 and also spend $80,000 today for renovations to be made a rental income of $30,000 per year forever, paid at the end of each year. What is the IRR of this scenario?

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