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0 -40% 1 2 3 4 b. -30% 5 6 7 8 -20% 0 -30% -10%- 1 2 3 4 a. 5 -20% 6

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0 -40% 1 2 3 4 b. -30% 5 6 7 8 -20% 0 -30% -10%- 1 2 3 4 a. 5 -20% 6 7 80.0% 8 -10% 0% 17.6% IRR: PV(NOI+REV-DS) 0.0% 79.3% 0% 10%- 20%- 30% IRR: PV(NOI+REV-DS) 10% 15.0% 3.1% 20% 10.0% 15.0% 16.5% 3.5% IRR: / PV(NOI+REV- 30% DS) Minimum -32.373% Maximum 29.443% Mean 5.272% Std Dev 5.932% Values Errors 998/1000 2 IRR: PV(NOI+REV- DS) Minimum -28.814% Maximum 22.129% Mean 5.239% Std Dev 5.952% Values 1000

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