2. An investor purchases a 5-unit apartment building for $454,000 per unit and expects to sell it 10 years later for $600,000 per unit. Year 1 cash flows are $125,000 and are expected to grow 2.5% annually through the year of the sale. Here is a schedule of the projected cash flows. Year 0 Purchase/Sale (2,270,000) Yearly Cash Flow Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 3,000,000 125,000 128,125 131,328 134,611 137,977 141,426 144.962 148.586 152,300 156,108 Cash (out)/in (2,270,000) 125,000 128,125 131,328 134,611 137,977 141,426 144,962 148,586 152,300 3,156,108 a. What is the investor's expected IRR