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please answer this. Question Two (20 marks) a) Your friend is concerned about land price volatility in Nairobi and its environs. She is curious about

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Question Two (20 marks) a) Your friend is concerned about land price volatility in Nairobi and its environs. She is curious about the factors that influence land prices. Explain to her any three factors and clearly explain how they relate to (i) NOI (ii) r and/or (ii)g b) An investor is considering the purchase of a property. The NOI is expected to be the following: year 1, Kshs 200,000; year 2, Kshs 210,000; year 3, Kshs 220,000; year 4, Kshs 230,000; year 5, Kshs 240,000. The property will be sold at the end of year 5 and the investor believes that the property value should have appreciated at a rate of 3 percent per year during the five-year period. The investor's required rate of return is 10%. Required Calculate the value of the property today

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