The volatility of the cash flows for your subject property concerns you as regards to completing the direct capitalization method, which has been requested by your client. To overcome your concern over the volatility, you have decided to apply direct capitalization on an equivalent annual annuity of the cash flows. Given the following cash flows for the client's five year holding period, what would be the appropriate equivalent annual annuity amount? CF1 = $50000, CF2 = -$20000, CF3 = $30000, CF4 = $80000, CF5 = $10000. Your client provided these rates: going in cap rate 8%, going out cap rate = 12%, overall yield rate = 10%, equity yield rate = 14%. a. 32893 b. 5000 c. 29629 d. 6000 e. 50000 f. 30000 g. 4000 The volatility of the cash flows for your subject property concerns you as regards to completing the direct capitalization method, which has been requested by your client. To overcome your concern over the volatility, you have decided to apply direct capitalization on an equivalent annual annuity of the cash flows. Given the following cash flows for the client's five year holding period, what would be the appropriate equivalent annual annuity amount? CF1 = $50000, CF2 = -$20000, CF3 = $30000, CF4 = $80000, CF5 = $10000. Your client provided these rates: going in cap rate 8%, going out cap rate = 12%, overall yield rate = 10%, equity yield rate = 14%. a. 32893 b. 5000 c. 29629 d. 6000 e. 50000 f. 30000 g. 4000