Can I get question 5 please?

Workshop 1 new (1)doc Compaibility Mode)-Word DESIGN PAGELA REFERENCES MAUGS REVIEW VIEW Emphasis Heodng 1 THeaoding 3 1 Normal Strong Subentle Paragraph b. What is the NPV of each investment? c. Given its budget of $18,000,000, which properties should KP choose? d. Explain why the profitably index method could not be used if KP's budget were S12,000,000 instead. Which properties should KP choose in this case? Question 5: Bay Properties is considering starting a commercial real estate division. It has prepared the following four-year forecast of free cash flows for this division: Year 1 -$185,000 Year 3 $99,000 Year 4 $240,000 Free cash flow $12,000 Assume cash flows after year 4 will grow at 3% per year, forever. a. If the cost of capital for this division is 14%, what is the continuation value in year 4 for cash flows after year? What is the value today of this division? b. Prisc 5 8 9