You made an investment with the following expected cash flow stream

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6

Purchase $(100,000) $0 $0 $0 $0 $0 $0

NOI $0 $5,463 $2,624 X $46,987 $8,758 $1,593

Sale $0 $0 $0 $0 $0 $0 $123,296

Total $(100,000) $5,463 $2,624 $0 $46,987 $8,758 $124,296

a) What does X have to be for you to earn a 12.5% quarterly compounding return

RIRR = 12.50%

Periods = 4