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Please show any work. Thanks! Question 2 Consider the following information on a real estate property with a value of $1 million. Annual Cash Flow

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Question 2 Consider the following information on a real estate property with a value of $1 million. Annual Cash Flow Probability (in percantages) (in dollars) 150,000 is is 90,000 a. What is the expected return on this property (5 points) b. If the investor can borrow 80% of the value of the property at an interest rate of 10% what will be the expected return on equity? (10 points) c. Should the investor borrow to finance the acquisition of the property or purchase the property with 100% equity? Explain (10 points)

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