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Question
A property was acquired for $950,000 and then produced cash flows of $100,000, $120,000, $135,000, $135,000, and $125,000 at the end of years one through five, respectively. The property was then sold for $1,200,000 at the end of the fifth year. What was the internal rate of return for this investment?
A) 16.0%
B) 16.5%
C) 15.5%
D) 12.8%
Answer
This answer is hidden. It contains 146 characters.
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