What is the NPV and IRR assuming the following assumptions, selling the house in year eight, and home prices increase by 15% in year 5? Property purchase price - $350,000; with bank financing at 75% LTV, for 30 years with an interest rate of 3.5%. Monthly rents for apartment - Divide your student ID by 2 then delete the last two numbers (Example Student ID 000360044 rents would be... 360044/2 = 180022 - Drop the 22 at the end - Rent equals $1,800 Rental growth rate - 2.50%, Property growth rate - 3.05% Expenses - Insurance - $1,200, Maintenance - $950, Property tax per $1,000 - $18.00, Expense growth rate 2.9% Selling expenses - 8.20%, Buying Costs - 4.20% Discount Rate - 7%