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7. A large stake in an Alpacca farming business can be purchased for $103,030. The Alpacca farm is expected to return $4,000 in perpetuity

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7. A large stake in an Alpacca farming business can be purchased for $103,030. The Alpacca farm is expected to return $4,000 in perpetuity per quarter in arrears. The required rate of return on investments of this risk is j4=17%. a) What is the investment's net present value? Give your answer in dollars and cents the nearest cent. NPV= $ b) What is the internal rate of return (IRR)? Give your answer as a nominal percentage per annum to 3 decimal places. IRR= % pa stem sa

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