Question: I need step-by-step explanation and answer to the question attached as image. Thank you! You are a real estate investor considering an offer to buy

I need step-by-step explanation and answer to the question attached as image.

Thank you!

You are a real estate investor considering an offer to buy an office building for a price of $96,000,000 You project that the office building will generate net annual cash flows (starting at the end of the 1st year and continuing on in perpetuity) of $16,000,000 What is the IRR (Internal Rate of Return) of this investment

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