Question 3 1 point Ocean Park Properties is evaluating a real estate investment of Lakeview Estates. Management plans to
Posted: Sun Jul 03, 2022 6:42 am
- Question 3 1 Point Ocean Park Properties Is Evaluating A Real Estate Investment Of Lakeview Estates Management Plans To 1 (53.09 KiB) Viewed 11 times
Question 3 1 point Ocean Park Properties is evaluating a real estate investment of Lakeview Estates. Management plans to buy the property today and sell it 6 years from today. The initial cost of the property is $5 million and the expected sale price is $54 million. What is the IRR of the investment? Enter your answer as a percentage and rounded to 2 DECIMAL PLACES. Do not include the percentage sign in your answer. Enter your response below. Number %