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please provide answer for A, b-1, b-2 Mc. John Bockster, a retired executive, desires to invest a portion of his assets in rental property. He

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Mc. John Bockster, a retired executive, desires to invest a portion of his assets in rental property. He has natrowed his choices to two apartment complexes, Windy Acres and Hillicrest Apartments. The anticipated annual cash infiows from each are as follows: Mr. Backster is lkkely to hold the apartment complex of his choice for about 20 years and will use this period for decision-making purposes. Elther apartment can be purchased for $180,000. Mr. Backster uses a risk adjusted discount rate approach when evaluating investments. His scale is related to the coefficient of variation (for other types of investments, he also considers other measures). a. Compute the risk-adjusted net present value for Windy Acres and Hillcrest Apartments. (Round "PV Factor" to 3 decimal ploces. Do not round intermediate colculations. Round the final answers to nearest whole dollar.) b-1. Which investment should Mr. Backster accept if the two investments are mutually exclusive? 0. Compute the risk-adjusted net present value for Windy Acres and Hillcrest Apartments, (Round "PV Factor" to 3 decimal places, Do not round intermediote calculations. Round the final onswers to noorest whole dollac.) b-1. Which investment should Mi. Backster accept if the two investments are mutually exclusive? Hillerest Windy Acres Both None b-2. Which investment should Mr. Backster accept If the investments are not mutually exclusive and no capital rationing is involved? Windy Acres Hilicrest Apartments Both None

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