: You are considering a short term real estate investment for the next three years. The initial investment would be $50,000, and the property cash flows (after debt service) for years 1 through 3 would be $5,000, $6,000 and $8,000, respectively. The cash flow from sale after paying off the mortgage, realized in year 3 would be $55,000. Calculate the IRR of this investment. a. 11.93% b. 8.75% C. 15.26% d. 28.33% . Which of the following is a risk associated with a large tenant possibly vacating your property in coming months when the lease expires: a. That the rent for the new tenant on a per square foot basis could be considerably higher b. The current market for your property and the size space in question are both in high demand c. If the tenant vacates, there may be considerable costs associated with future tenant improvements in the space d. Given current demand for comparable space, there are presently no concessions being offered to attract new tenants