Ann got a 30-year FRM with annual payments equal to $12,000. After 2 years of payments, Ann will refinance the balance into a 28-year FRM with annual payments equal to $10,000. Refinancing will cost Ann $5,500. Ann will prepay the new loan 3 years after refinancing. She will save $4,000 on her loan balance when she prepays. Find the Net Present Value formula for Ann's refinancing decision if her annual discount rate is 10%. 45 O -12.77 24.79 9.76 12.77 QUESTION 16 Find IRR for Ann's refinancing decision in Q15. Hint: this question is designed to be done with a financial calculator, not with a regular calculator. Ann got a 30-year FRM with annual payments equal to $12,000. After 2 years of payments, Ann will refinance the balance into a 28-year FRM with annual payments equal to $10,000. Refinancing will cost Ann $5,500. Ann will prepay the new loan 3 years after refinancing. She will save $4,000 on her loan balance when she prepays. Find the Net Present Value formula for Ann's refinancing decision if her annual discount rate is 10%. 45 O -12.77 24.79 9.76 12.77 QUESTION 16 Find IRR for Ann's refinancing decision in Q15. Hint: this question is designed to be done with a financial calculator, not with a regular calculator