Please provide answers to each part. Thanks!

9. Suppose that a homeowner in Lincoln has a home with the annual implicit net rental income R indicated in the table below. a. b. 9-9 Compute the market value of the home using the perpetuity formula, assuming that there is no property tax. Recompute the market value of the home using the perpetuity formula, assuming that the city applies a 1% property tax. Explain the capitalization effect of the property tax. Suppose that the city provides services that increase the implicit rental value by $1,000 per year, paid for by the 1% property tax. Recompute the market value of the home using the perpetuity formula and explain the capitalization effect of the city services. $10,000 Market Value V no roe tax Market Value V with 1% .m.- tax Market Value V(with 1% property tax and $1 000 oer ear in added rental value