Jose Salazar is considering investing in a commercial property in Kelowna, BC. The property will cost $2,000,000, including legal fees, and is expected to generate net annual cash flows of $200,000. Due to changing consumer trends, lose feels that in four years he will need to invest $80,000 to install four electric car charging stations, lose plans to own the property for 10 years, at which time he believes that he will be able to sell it for $1,800,000 Ignore the cash flow consequences of depreciation and assume that lose uses a 8% discount rate on all his capital budgeting decisions Part A) Calculate the net present value of the proposed purchase Should Jose purchase the property? Show your work and answer the question for full marks (9 marks) Part 1) Calculate the profitability index of the purchase of the property. Assume that lose can instead elect to purchase a motel for $7,500,000 which will generate positive cash inflows of 58,900,000. If Jose can only purchase one of the two properties, the commercial property of the motel, which investment should lose make and why? (4 marks)