You have been hired by Crystal Cove, an investment group that purchases shopping centers with a required minimum unlevered IRR of 10% (also the discount rate) and going-in cap rate of 6%. Crystal Cove has identified an existing center with a current NOI of $980,000, which is projected to remain flat for the first 4 years and then increase to $1,200,000 in Years 5 and 6. Assuming a 5-year holding period, sales price based on a going-out cap rate of 6.5% and the sixth-year NOI, and selling expenses equal to 1% of the selling price, what would be your recommendation? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Purchase the property as the NPV is positive and the IRR is greater than the required minimum return. b Purchase the property as the NPV is positive and the IRR equals the discount rate. Do not purchase the property as the NPV is negative and the IRR is less than the required minimum return. d Do not purchase the property as the NPV is negative even though the IRR is greater than the required minimum