a. Based on this information you must decide: In order to earn a 10% IRR after taxes on your equity, should you buy the property or rent for a four-year period of ownership? b. What if your expected period of ownership was to change to five years. Would owning or renting be better if you wanted to earn a 10% IRR after taxes? c. Approximately what level of rents would make you indifferent between owning and renting for a four-year period? Assume a 4.5% after-tax IRR would be the minimum you would need to earn on capital invested in the home.