Local real estate investment firm River Capital is considering the purchase of an old hotel for $180,000. They estimate it will earn them $15,000 at the end of every six months for the next 8 years. At the end the 8th year, a grandfathered use zoning exemption will expire, making the property worth nothing. a. If River purchases the hotel, what will be its internal rate of return, compounded semi-annually? b. If the company insists on a 5% return, compounded semi-annually, on its investment, why or why not is it a good decision to invest? c. An appraiser advises River that if they buy new, modern furniture for the hotels rooms they can expect to earn $19,000 at the end of every six months. This will require them to increase their investment by $25,000. If they follow the appraisers advice, will River achieve its desired 5% return, compounded semi- annually?