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PLEASE ANSWER ASAP An investor is considering purchasing a shopping center at a price of $1,560,000. The investor has established a required rate of return

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An investor is considering purchasing a shopping center at a price of $1,560,000. The investor has established a required rate of return of 13%. Revenues are as following: year one =$300,000; year two = $200,000; year three =$400,000; year four =$600,000; year five =$500,000, year six =$700,000. (a) What is the NPV of this investment opportunity? (10 pts) (b) What is the IRR of this investment opportunity? (10 pts) (c) Should the investor purchase this property? (5 pts) (d) EXTRA CREDIT: In the first year, the investor is thinking about doing some renovations, which will cost him $580,000 (and no revenue because he has to close the shopping center). This renovation will make revenue from year two to year sk reach $700,000/ year. Should he invest in this renovation? (5 pts)

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