You are underwriting a real estate loan a the bank and asked to conduct a sensitivity analysis as to the best and worst case scenario for the bank. Which of the following assumptions would result in the lowest estimated IRR for the property? 4% Growth Rate in PGI, 7% Terminal Cap Rate 3% Growth Rate in PGI, 7% Terminal Cap Rate 3% Growth Rate in PGI, 5% Terminal Cap Rate 4% Growth Rate in PGI, 5% Terminal Cap Rate