Mt. John Backsteg, a refired eeecutive, desiles to invest a portion of his assets in rental property He has rarowed his dhowens fo two. apartment complexes, Windy Actes and Hilicrest Apartments. The anticipated anneal cish inlowr fort each are as follows. Mt. Backster is likely to hold the apartment complex of his choice for about 25 years and will use this pestiod for decision making purposes, Either apartment can be purchased for $200,000. Mr. Backster uses a isk-adjusted discount rate approach when evaluating investments. His scile is related to the coefficient of varlation (for other types of investinents he also considers othar measures) a. Compute the risk-adjusted net present valae for Windy Acres and Hilcrest Apartments, (Round "PV Factor" to 3 decimal place: De a. Compund intermediote colculotions. Round the finol onswers to nearest whole dollse.) 0. Compute the risk-adjusted net present value for Windy Acres and Hillcrest Apartments, (Round "PV Foctor" to 3 decimol pinces, Do not round intermediate calculations. Round the finol answers to nearest whole dollor.) b-1. Which investment should Mr. Backster accept if the two investments are mutually exelusive? Hilicrest Windy Acres Both None b.2. Which investment should Mc. Backster accept if the investments are not mutually exclusive and no copital rationing is involved? Windy Acres Hillctest Apartments Both None