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You have decided to invest in a small commercial office building that has one tenant. The tenant has a lease that calls for annual rent

You have decided to invest in a small commercial office building that has one tenant. The tenant has a lease that calls for annual rent payments of $20,000 per year for the next three years. However, after that lease expires you expect to be able to increase the rent by 4% per year for the next seven years. You plan to sell the building for $350,000 ten years from now.a. Create a table showing the projected cash flows for this investment assuming that the next lease payment will be made in one year.b. Assuming that you need to earn 9% per year on this investment, what is the maximum price that you would be willing to pay for the building today? Use the NPv function. Please show excel formulas.

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