Hi everyone,

I'm currently reading through "What Every Real Estate Investor Needs To Know About Cash Flow ... and 36 Other Key Financial Measures" by Frank Gallinelli and I'm a little confused on how he's determing the Internal Rate of Return on the Apartment case study in Chapter 6. To calculate IRR I'm using the IRR calculator that came with the book. I'm plugging in the cash flows provided in the chapter. Has anyone out there with a copy of the book been able to figure out that line of calculations? The IRR calculator that comes with the book can be found at www.realdata.com/book. I scanned a copy of the text as well. (Sorry aboutbthe crappy scan with my phone. It's not great but it's readable)