Variables/ Assumptions
Purchase Price	PP	$575,000
Required return	r	10%
Rent	i	$585	per week
Growth	g	7%	per annum
Term	n	4	years
Management Fees and statutory fees		$7,405	per annum
Vacancy and relet fees		5%	gross income
Acquisition costs		4%	PP
Terminal Yield	TY	3.50%
Selling costs		3%

Build Discounted Cash Flow and calculate the NPV and IRR before tax and before finance. What is your recommendation based on the NPV and IRR?