ABC inc. is evaluating a real estate project of $15,000,000 that will provide them with yearly NOI of $1,950,000 for the next 10 years and can be resold for an amount estimated at $20,000,000.They can finance 70% of the purchase price through a 10-year mortgage with an amortization period of 25 years and an interest rate of 7%.

Your client will only proceed with the project if its returns are greater than his WACC or cost of equity. The following information:

Market value of equity: $50,000,000

Cost of equity: 25%

Market value of debt: $75,000,000

Cost of debt: 10%

Tax rate: 30%

A)Calculate the unlevered NPV of this investment

B) Calculate the unlevered IRR of this investment

C) Calculate the levered NPV

D) Calculate the levered IRR of this investment