You are trying to evaluate the feasibility of purchasing a three-bedroom single dwelling unit, that contains an adjoined studio apartment. You plan to rent the studio apartment unfurnished to receive after-tax receipts of TT$2,500 per month. You are hoping to sell the home in the next ten years to receive after-tax proceeds of TT$2.0 million to purchase a building containing at least three (two-bedroom) apartments. Assume the funds for purchasing the apartment will be drawn from your savings account which is currently earning 2% after taxes and that inflation rate is currently 5%. a) Identify the cash flows, their timing and the required rate of return applicable to calculating the maximum value you should pay for single dwelling unit? (3 marks) b) Showing all calculations state if you should purchase the single dwelling unit for TT$1.6 million, justify your decision? What is the maximum price you should pay to acquire the single dwelling unit? (6 marks) c) Assume at the end of Year 1 you are considering investing the annual after-tax cash benefits of TT$30,000 into shares of a company. The firms most recent common stock dividend was TT$3.50 per share. Because of the firms maturity and stable sales and earnings, firms management feels that dividends will remain at the current level for the foreseeable future. If the required return on similar type shares is 3% what will be the value of the company shares and how many shares should you purchase. (4 marks) d) If your required rate of return on both investments is 3% which between the two should you invest? Please provide reasons for your answer (2 marks)