Q$1($c$).$ Regardless of what you found in Q$1$b$,$ assume you received an Adjusted Sale Price of $$3\mathrm{.}95$ million for the property at the end of Year $3.$

What is the Net Present Value $($assuming an $8\%$ discount rate$)$ and the Internal Rate of Return of this project?

Support your reasoning by listing the Unleveraged Cash Flows in each year of the holding period. You can do this with a table or simply list them $($ex: $$Year X: $$\_\_\_\_,$ Year Y: $$\_\_\_\_).$Understanding Cap Rates, Sale Price, and Unleveraged Cash Flows.

You wrap up the first part of your Stage $2$: Discounted Cash Flow Analysis on a Mixed$-$Use Retail and Office Building assuming a three$-$year holding period below:

$\backslash$table$[[,$Year,,Year,,Year,,Year,,Year$],[,0,,1,,2,,3,,4],[$Cash Flow from Operations$],[$Gross Potential Rents,,$$,560,000,$$$,590,000,$$$,620,000,$$$,650,000],[$Less Vacancy,,$$,(36,000),$$$,(38,000),$$$,(40,000),$$$,(44,000)$