As a financial advisor, what will you tell your client, Ryan, he should be willing to pay for an investment property that he plans to buy today and hold for 5 years and then sell, given the following cash flows and the fact that he expects 10% on any investment he makes? Inflows Outflows Net Initial Outlay $0 Year 1 $45,000(Inflow) $55,000(Outflow) -$10,000(Net) Year 2 $55,000(Inflow) $20,000(Outflow) $35,000(Net) Year 3 $55,000(Inflow) $20,000(Outflow) $35,000(Net) Year 4 $255,000(Inflow) $35,000(Outflow) $220,000(Net)

$189,910.29.

$196,393.69

$203,164.46

$210,238.30