What is the irr of the investment

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?Lakeview Properties is evaluating a real estate investment of Seabreeze Estates. Management plans to buy the property today and sell it 13 years from today. The initial cost of the property is $11 million and the expected sale price is $29 million. What is the IRR of the investment? Enter your answer as a percentage and rounded to 2 DECIMAL PLACES.

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Reference no: EM132690961

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