Question 7: uppose a certain property is expected to produce net operating cash flows annually as follows, at the end of each of the next five years: $35,000, $37,000, $45,000, $46,000, and $40,000. In addition, at the end of the fifth year we will assume the property will be (or could be) sold for $400,000. if you could get the property for only $375,000, what would be the expected IRR of your investment?

A

10.37%

B

12.17%

C

13.73%

D

11.86%