Question 7 There is a Grade 8 office property in Manchester, here are the details: -Acquisition price: 3,000,000 Rent income: E 100,000 (market rent for Grade A office shall be f 180,000 Interest rate: 4.5% (HSBC) Refurbishment cost: 10,000 Holding perlod: S years Resale price (anticipatec): E 4,000,000 (Grade B) & 4,500,000 (Grade A) Investor A chose to acquire the property without leverage and did not make any refurbishment Investor B chose to acquire the property with 50% loan at the interest level above and made some refurbishment to upgrade the property into Grade Aoffic What is the yield of the property for Investor A and B respectively? Options A. 16.67% and $9.60% B.3.33% and 5.98% C 3.33% and 11.92% 0.16.67% and 29.90%