A company is looking at purchasing a real estate asset valued currently at $6,520,000. You have been asked to analyze the cash flow provided below based on a period of 7 years. Purchase Price: $6,520,000 Sale Price: $7,100,000 Year Cash Flow 1 $300,000 2 $264,000 3 $363,681 4 $409,000 5 $522,000 6 $587,000 7 $613,700 PART A: If you require a 6.00% IRR and are using a discount rate of 8%, solve for the IRR. PART B: Based on your calculations, would you recommend purchasing the property? Why or why not?