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An investment property offers the following rental cash flows (see table below) over a 5-year period and can be sold for a value of R80

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An investment property offers the following rental cash flows (see table below) over a 5-year period and can be sold for a value of R80 000 at the end of the 5-year holding period. If the investor has a required rate of return of 10%, what price should they purchase the property for to result in an NPV of R2000? Year Cash Flow R 5 000 R 5500 3 R 6 500 R 6 500 R 8 000 1 2 4 5

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