Suppose that your required rate of return on a duplex is 12 percent. You are shown one such property which has an asking price of $30,000. The sales representative shows you the following cash flow projections for a holding period of 6 years:

Year 1: $4,500

Year 2: $5,000

Year 3: $6,000

Year 4: $3,000

Year 5: $8,000

Year 6: $20,000

What is the net present value (Round your answer to the nearest dollar i.e. zero decimal places)?

What would be your expected rate of return (Round your answer to two decimal places)?

What is the net present value of the duplex investment if the asking price is $28,000 and your required rate of return is 12 percent? (Round your answer to the nearest dollar i.e. zero decimal places)?

What is the net present value of the duplex investment if the asking price is $28,000 and your required rate of return is 10 percent? (Round your answer to the nearest dollar i.e. zero decimal places)?

What is the net present value of the duplex investment if the asking price is $28,000 and your required rate of return is 15 percent? (Round your answer to the nearest dollar i.e. zero decimal places)?