Net Purchase Price = N$ 18,697,532, Net Operating Income (Year 1) = N$ 1,254,863. Growth in NOI is 8%, Depreciation (straight line) = N$ 50,000, Initial Equity Investment = 45% of purchase price, Remainder (55%) borrowed with 40-year loan fixed at 5%, Monthly instalments =N$ 4,565, Marginal tax rate=35% Capital gain tax=12%, and Recaptured depreciation=24%, After tax required rate of return= 24%, Investment period is four years and an ending market value of N$ 25,457,826, Cost of sale at end of year four = N$ 1,942,365, Closing Loan balance is N$ 2,362,541 (end of year four). Interest expense for the four years is N$ 45,124, N$ 56,414 N$ 64,326, N$ 72,136 respectively. Show steps involved in calculating taxes, Cash flows after taxes (CFAT), Equity reversion (ERAT) and Net Present Value? What is your recommendation to a potential Investor? Show all your calculations.