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Question
An office complex was acquired for $1,500,000 in 2014. Cash flows to the investor were received at the end of each year, as follows: 2014 - $250,000; 2015 - $400,000; 2016 - $600,000; 2017 - $600,000. The property was sold for $1,850,000 at the end of 2017. Calculate the IRR for this property.
A) 7.8%
B) 27.7%
C) 31.6%
D) 34.3%
Answer
This answer is hidden. It contains 135 characters.
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