Consider a property with expected future net cash flows of $20,000 per year for the next five years (starting one year from now). After that, the operating cash flow should step up 25 percent, for the following five years. If you expect to sell the property 10 years from now for a price 12 times the net cash flow at that time a) What is the value of the property if the required b) Suppose the seller of the building wants $300,000 c) What is the IRR if you pay S300,000? How does return is 13%? should you do the deal? Why or why not? this compare to the required return of 13%? d) What is the IRR if you could get the seller to accept S206,440 for the property? What is the NPV at that price