QUESTION 1 Year 1 $5.400 BTCF Investment A Year 3 $12,400 Year 2 $10,400 Year 4 $15,400 Year 4 (Sale) $124,000 You observe the above investment with the given cash flows. If the BTIRR were partitioned based on BTCF, and BTCFs what proportions of the BTIRR would be represented by BTCF. (before-tax cash flow from operations)? Remember to enter your answer as a decimal, not as a percentage QUESTION 2 An investor has projected three possible scenarios for a project as follows: Pessimisti-NOI will be $270.000 the first year, and then decrease 2 percent per year over a five-year holding period. The property will sell for $2.08 million after five years. Most Wely-NO/ will be level at $270,000 per year for the next five years (level NOI) and the property will sell for $2.70 million. Optimistic-NO/ will be $270,000 the first year and increase 3 percent per year over a five-year holding period. The property will then sell for $3.60 million The asking price for the property is $2.70 million. The investor thinks there is about a 30 percent probability for the pessimistic scenario, a 40 percent probability for the most likely scenario, and a 30 percent probability for the optimistic scenario Compute the standard deviation of the IRRs. Remember to enter your answer as a decimal, not as a percentage