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Question 2 (15 points): Your company has made an investment in a speculative land deal. The property is currently worth $275,000. The property's value is

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Question 2 (15 points): Your company has made an investment in a speculative land deal. The property is currently worth $275,000. The property's value is estimated to increase by 18% per year for the foreseeable future. a. What is the anticipated value of the land in 10 years? b. If a recession is estimated to hit for the next 3 years, your property is only expected to increase in value by 10% per year during the recessionary period and then increase at 15% for the foreseeable future. What is the new estimated property value in 10 years

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