Question 7 Assume that your buyer has chosen to purchase an investment property with the variables below. Using the variables below, create a 1 year operating cash flow statement based on these variables below. (3 marks)

Variables	Buyer
Purchase Price	$322,000.00
LVR	80.00%
Loan Term (yrs)	30
Interest Rates %pa	5.50%
Compounding pa	12
Weekly Rental at start	$280.00
Vacancy as % of PGI	4.00%
Growth in rents %pa	3.00%
Opex as % of PGI	28.00%
Tax benefit on Operations ( same for all years) *Hint: You get in tax return	$3,500.00

Question 8 Based on the purchase price of your buyer's property in Question 7, what is the annual compounded growth rate on the value of the investment property if it is estimated to be worth $400,000 in 5 years? (2 mark) Show answer in % with 2dp.