An investor has projected three possible scenarios for a project as follows: Pessimistic-NO/will be $205,000 the first year, and then decrease 2 percent per year over a five-year holding period. The property will sell for $1.82 million after five years. Most likely-Noi will be level at $205,000 per year for the next five years (level NO) and the property will sell for $2.05 million Optimistic-NOI will be $205,000 the first year and increase 3 percent per year over a five-year holding period. The property will then sell for $2.30 million The asking price for the property is $2.05 million. The investor thinks there is about a 30 percent probability for the pessimistic scenario, a 40 percent probability for the most likely scenarlo, and a 30 percent probability for the optimistic scenarlo. Required: a. Compute the IRR for each scenario. b. Compute the expected IRR. c Compute the variance and standard deviation of the IRRS. Complete this question by entering your answers in the tabs below. Required A Required B Required Compute the IRR for each scenario. (Do not round Intermediate calculations. Round your answers to 2 decimal places.) IRR Optimistic Most likely Pessimistic b. Compute the expected IRR. c. Compute the variance and standard deviation of the IRRS. Complete this question by entering your answers in the tabs below. Required A Required B Required Compute the expected IRR. (Do not round intermediate clutations, Round your answer to 2 decimal places) Ennected 18 >> REB MacBook Air