The monthly Income from a piece of commercial property is $1.500 (paid as a lump sum at the end of the year) Annual expenses are $4,000 for upkeep of the property and $800 for property taxes. The property is surrounded by a security fence that cost $4.000 to install four years ago. Assume 52 weeks in a year and a end-of-year cash flows a. If x= 12% per year (the MARR) is an acceptable Interest rate how much could you afford to pay now for this property it it is estimated to have a re-sale value of $160,000 ten years from now? b. Choose the correct cash flow diagram for this situation Use the viewpoint of the buyer c. Based on this situation, give examples of opportunity costs d. Based on this situation give examples of fixed costs e. Based on this situation, give examples of sunk costs 1. If the 12% interest had boon a nominal Interost rate, what would the corresponding offective annual Interest rate have been with bi-weekly (every two weeks) compounding? Click the icon to view the interest and annuity table for discrete compounding when the MARR is 12% per year a. The maximum affordable price of this property is $1(Round to the nearest dollar)