• You are considering the purchase of a small retail shopping complex that will generate net cash flows each of the next 15 years, starting at $500,000 in Year 1. You normally demand a 8% rate of return on such investments.Future cash flows after year 1 are expected to grow with inflation at 2% per year.How much would you be willing to pay for the complex today if it will have to be torn down in 15 years, and there is no salvage value?