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You have been advised by an agent marketing a development site that you are likely to be the successful bidder at the auction if you
You have been advised by an agent marketing a development site that you are likely to be the successful bidder at the auction if you are prepared to pay $ at auction. You have completed your research and believe the development will have the following cash flows:
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What rate of return are you likely to achieve if you pay $ for the site?
NOTE: Round your answer to decimal places in percentage. For example, input as the answer.
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