Another friend approaches with an investment opportunity for a growing perpetuity, which starts with a $5 payment one year from today. Payments are stated to grow at a constant 2% per year and the initial cost of the investment is $50. What yield does this investment offer you on an average annualized basis? (ROUND TO THE NEAREST BASIS POINT and enter your answer as a decimal such that 10% would be entered as .10) Question 8 1 pts You are considering purchasing a rental property for $150,000. Similar rents for comparable units in the area average $20,000 per year while annual cost of ownership is estimated to be $4,000 per year. At the end of the property's useful life it will need to be torn down and will have zero residual value. If you are only wing to invest in properties that yield you a return of 10% per year (ignore taxes), how long does the property need to remain in operation before the investment decision is a good one? (Round to the nearest whole year)