The company Administracion Financiera SA de CV is currently engaged in the sale of real estate, and has been offered a piece of land with 100 hectares of salable area at a price of $200,000,000; The company estimates that the development and sale of the lots will take 2 years. In the first year the company estimates that it will spend $100,000,000 in urbanization expenses and $25,000,000 for sales expenses (commissions), and in the second year the expenses will be $90,000,000 for development expenses and $35,000,000 for commissions. According to the projections made by the company, revenues for the next 5 years are:

Currently the company pays taxes at a rate of 30% The conditions for the purchase of the land are the following: pay $100,000,000 now and the rest in a term of 5 years, at an interest rate of 20% on unpaid balances (Traditional Form) Should the company acquire the subdivided land? What is the IRR of this project if the investment and financing decision are combined? 50% stockholders' equity, 50% liabilities

\begin{tabular}{|c|r|} \hline Ao & Ingresos por venta \\ \hline 1 & $100,000,000 \\ \hline 2 & $200,000,000 \\ \hline 3 & $200,000,000 \\ \hline 4 & $190,000,000 \\ \hline 5 & $180,000,000 \\ \hline \end{tabular}