Suppose an investor is interested in purchasing the following income-producing property at a current market price of $450.000 The prospective buyer has estimated the expected cash flows over the next four years to be as follows: year 1 - $40.000: year 2 - $45.000; year 3 - 550,000: year 4 - $55.000. Assume that the required rate of return is 12% and the estimated proceeds from selling the property at the end of year 4 i5 $500,000 Required: a) Calculate the Net Present Value (NPV) of the project. b) Based on the NPV calculated in part a) above, recommend whether the prospective buyer should purchase the property and give one rea TT T Arial 3 (12pt)