Question: PLEASE TAKE YOUR TIME. TO ENSURE THE ANSWER IS CORRECT Question 8 10 pts The following questions are based on a series of the following

PLEASE TAKE YOUR TIME. TO ENSURE THE ANSWER IS CORRECT
Question 8 10 pts The following questions are based on a series of the following cash flows. The buyer anticipates buying the property for $1,000,000. Year 0 1 2 3 4 5 NOI 80,000 83,000 87,000 91,000 96,000 Sale and Purchase of Property (1,000,000) 8. If you decided to sell the building at the end of year 4 with an exit cap rage of 7%. What is the IRR for these cash flows? Please answer with two decimal places with positive values only. Enter the percentage as you would with the % symbol, such as 17.50 for 17.50%
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