Consider the potential real estate investment priced at Sh$.3,000,000.$ The cost of land is $40\%$ of the purchase price. The building will be depreciated over $30$ years on a straight$-$line basis. The investor will take a loan of $50\%$ of the purchase price at $14\%$ per annum payable monthly for $10$ years. The gross income for the first year is Sh$.600,000$ and will increase by $10\%$ in the second year. Operating expense is estimated at $30\%$ of gross income. The property can be sold for Sh$.4,000,000$ at the end of year two. Tax on profits and capital gains is $30\%.$RequiredAssuming the investor has a required rate of return of $25\%.$ Calculate the after$-$tax IRR and determine the viability of the investment $(30$ marks