You analyzed a possible 4 year investment for your firm, and calculated an IRR of 17.8% for the investment and the corresponding cash flows over the life of the investment. You were instructed to then partition the IRR to determine what portion of the return comes from the property cash flow vs the property sale in year 4. The PRESENT VALUES you calculated for years 1- 4 were $8,487, $10,804, $12,226 and $11,414, respectively, for the property flows. Terminal value in year 4 was $57,069 also in present value terms. What portion of your total return comes from property flows, and what was the amount of the original investment (Year 0 outlfow), respectively? a. 42.9%, $100,000 b. 57.1%, $75,000 c. 63.2%, $100,000 d. 42.9%, $42,931 From question 4 above, if you had a choice you would prefer that the percentage of the total return coming from the property flows be than that from the property sale. a. Higher than b. Lower than As it relates to the cap rate method of valuing commercial properties, assuming there were no major improvements or upgrades to a property over the period, you would generally anticipate that the future cap rate for a property in ten years would be the cap rate used to purchase the property today. Ignore expected changes in interest rates for this question. a. the same as b. lower than c. higher than d. exactly equal to