You bought a piece of land at $1,500,000. You plan to build a 45,000 square foot building at cost of $150 per square foot, all inclusive, in addition to land cost. The completed building is expected to generate a monthly net of $2.00 per square foot per month for year 1 and the rent will increase at 4% per year. The operating expenses will be 0.40 per square foot per month for year 1 and increase at 3% per year. At end of year 10, you plan to sell the property for $10,500,000. Assuming you will have an income tax rate of 35% every year and you will take depreciation charge every year based on the IRS allowed schedule of 1/39th of the building cost only per year. Your capital gain tax rate is 20%. Part 1 Assuming all cash investment and using a MARR of 8%, what is the Net Present Value of this 10-year investment and what is the IRR? Show the results as formatted below: 2-9 Revenue Operating Expense EBITDA Depreciation Taxable income Tax 30% tax rate Net Income CFAT 10 Also clearly show the calculations of each year's Depreciation Charges, Cash Flow After Tax at Year 10 for selling of the property and calculations of the present value and IRR, separately