What is the NPV at a discount rate of 6% and the IRR given the following assumptions? Revenue: Costs: Construction will take 2 full years, with the building opening at the start of year 2. Equity: $200,000 $400,000, 10-year interest-only loan at 5% APR. (i.e. you pay 5% of the principal every year for ten years and repay the full loan amount when you sell the property. Assume the first payment is due when you sign the loan.) You already have one lease signed for half the building starting in year 2 valued at $40,000 annually." In year 4 you expect to lease half the remaining space (an additional $20,000 annually) and by year 5 you will have the building fully leased at a total annual cash flow of S80,000. Operating expenses (once development is complete): $10,000 Finally, you expect to sell the building at the beginning of year 11 for $1,000,000