Consider each of the following situations:

d. An investor is considering whether to purchase a building that is up for sale. Presently, the building generates a net-of-cost cash flow of $600,000 annually, which is expected to grow continuously at a rate of 5% annually. If the investor purchases the building, he or she will finance the purchase with an interest-only loan (i.e. a loan whose principal is not repaid) at an annual interest rate of 3%. If the investors minimum acceptable annual rate of return is 8%, what is the maximum the investor is willing to pay for the building?

Find the inverse of the matrix = [4 1 2 3], and then provide the solution as follows:

a. Value of entry (1)11.

b. Value of entry (1)12.

c. Value of entry (1)21.

d. Value of entry (1)22.