2. You are interested in buying a house to rent out for income. Purchase price for the house is $199,000 and the market value at the end of 27 years of use will be $300,000 (assume that you will be able to sell the house for this amount on December 31st of Year 27). The monthly rent you receive on the house will be $1,700. Assume that you will be able to rent the house out every month after purchase. Expenses you will incur include annual taxes ( 1% of purchase price of house), home insurance of $800, miscellaneous expenses that average $1080 yearly, and depreciation expense. The depreciable life of the house is 27 years and it will be fully depreciated when you sell. Your required rate of return (discount rate) for a real estate investment is 8% and your tax rate is 30%.Create a cash flow table that shows your annual cash flows; then use NPV and IRR to evaluate if this house is a good investment. Explain why you would or would not invest