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Please make sure your answer is 100% correct. Thanks You are interested in buying a property in St. Louis. The property costs $1M today. If

Please make sure your answer is 100% correct. Thanks

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You are interested in buying a property in St. Louis. The property costs $1M today. If you buy it today, you can rent it for $7,000 per month (paid at the beginning of each month) for the next two years. You also believe that you can sell this property for $1.4M at the end of Year 2. At what annual discount rate will you be indifferent between accepting and rejecting this project? \begin{tabular}{l} \hline 27.10% \\ \hline 24.30% \\ \hline 25.20% \\ \hline 26.30% \\ \hline 23.60% \end{tabular}

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