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02-06-2023
Business

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You estimate the before-tax equity cash for your property investment has an IRR of 20.79%. For the same investment, you also calculate the after-tax equity cash flow has an IRR of 18.27%. Given this information, what is your estimate of the investment's effective tax rate? (enter in percentage points to two decimal places, i.e. 20 instead of 0.20.)

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