3. You are looking to buy a rental property. After doing some analysis, you figure that this opportunity presents the following cash flows: Up-front cost = $655,000 Yearly cash flows (growing at 2%/year forever) = $21,000 Your opportunity cost of capital for this investment is 6% a. What are the NPV and IRR? b. Should you buy it? Rental Property 6.0% 2.0% 1,190,500 Discount rate Growth rate NPV IRR Cash flows: Start Year 1 Year 2 Year 3 and on Text answer here. (655,000) 21,000 21,420 546,210