An office building is purchased with the following projected cash flows:

$N\frac{O}{?}$ is expected to be $$130,000$ in year $1$ with $5$ percent annual increases.

The purchase price of the property is $$720,000.$

$100$ percent equity financing is used to purchase the property.

The property is sold at the end of year $4$ for $$860,000$ with selling costs of $4$ percent.

The required unlevered rate of return is $14$ percent.

Required:

a$.$ Calculate the unlevered internal rate of return $($IRR$).$

b$.$ Calculate the unlevered net present value $($NPV$).$

Complete this question by entering your answers in the tabs below.

Requirement A Requirement B

a$.$ Calculate the unlevered internal rate of return $($IRR$).$

Note: Do not round intermediate calculations. Enter your answer as a percentage rounded to $2$ decimal places $($i$.$e$.0\mathrm{.}1234$

should be entered as $12\mathrm{.}34).$

As seen in the picture the answer is not $17\mathrm{.}5\%$ or $338,958.$ Please help