A property worth $13 million can be refinanced with an 75% loan at 5.9% over 20 years. The balance on the current loan is 58.435,663 with loan payments of 588,500 per month. The loan balance of the current loan in 10 years will be $2.254.133. If the property is expected to be sold in 10 years. What is the incremental cost of refinancing? 15.69% 5.90% 4.439 1.519 QUESTION 13 property. If sold today, will provide the equity investor with $160,000 in cash flow after taxes. If the property is held without renovating the annual after-tax cash Now received by the investor will be as follows: $18,000 for years 1 to 5, 526,000 for years 6 to 10. If held and sold in 10 years, the property is expected to provide 170,000 in after-tax cash flow to the investor. What should the investor do if she can receive a 12.2% rate of return by investing the sales proceeds today in an ifferent project (Property) with similar risk profile? Sell the property and invest the proceed in the stock market Sell the property and invest proceeds in the second property Keep the property and receive the future cash flows Can't tell without knowing the cash flow from the second property