A property is expected to generate net cash flows of $17,000 in the first year and increasing (growing) by 2%,4% and 5% in the second, third and fourth years respectively. It is projected to sell for $160,000 at the end of the fourth year, but it can be purchased for $135,000. (Hint: The cash flows are growing incrementally). Excel Link: Excel Sheet.xisx Question 30 ( 2.5 points) What is the NPV if the discount rate is 10% ? $27,700$30,549$29,400$26,800 Question 31 ( 2.5 points) What is the profitability index using a discount rate of 10% ? 1.20 0.22 1.23 1.29 Question 32 ( 2.5 points) What is the internal rate of return (IRR)? What is the intemal rate of return (IRR)? 16.50%10.00%15.25%16.73% Question 33 ( 2.5 points) What is the adjusted/modified IRR assuming cash flows can be reinvested at 7.5% ? 15.41%15.20%15.07%14.89% Question 34 ( 2.5 points) Items that must be considered in the valuation of a site include: Topography Size of improvements Depreciation Age-of improvements