You and your friend are analyzing a potential duplex $($i$.$e$.$ two attached dwelling units$)$ rental investment. After completing your research, you arrive at the following cash flow forecast:

$2$ A B C D E $1$

Initial Investment

Cash Flow at End of Year $1$

Cash Flow at End of Year $2$

Cash Flow at End of Year $32$ Duplex Investment $3$ Purchase $ $(750,000)4$ Rental Income $$65,000$ $$65,000$ $ $65,0005$ Sale $ $920,0006$ Total Cash Flows $ $(750,000)$ $ $65,000$ $ $65,000$ $ $985,000$

What is the Internal Rate of Return on this investment?