1. Assume that the Noi on an olfce building is 5150,000 for years 1 to 3. The property was purchased for 32 million and sold aher 3 years for 52.2 milion. The investar took eut a loan of 51 million at the time of purchase. The loan was interest-only and has an interest rate of 5%. What is the IRR for the unievered invectment (ika for the propert vis What is the ina for the levered investment? (Nnter Ali the calculations are before-tax)