You need to figure out if it's Real estate investment financially worth buying a house or if you should instead rent one. ? There's a house for sale for $700,000. You would invest into it by making a 13% downpayment, and you would take a loan for the rest of the amount. You've already made all necessary calculations, and here's what you got (all numbers are for "year end"): If you buy a house: Your after-tax ownership expenses are expected to equal: End of Year 1 End of Year 2 End of Year 3 -12,000 -13,000 -15,000 In addition, due to the expected appreciation in home prices in the area, depending on which year you sell your house, the after-tax sales proceeds that you'll be able to keep are expected to equal: If sell at the end If sell at the end If sell at the end of Year 1 of Year 2 of Year 3 120,000 130,000 150,000 If you rent a house: If you rent a house, you would be spending $15,000 on rent every year. Now, let's do some math! You need to calculate the after- tax internal rate of return (ATIRR) on your invested money, if you buy rather than rent this house, and sell it after 2 years. For that, you would need to enter the following cash flows in your calculator: (Type your numbers. Round to whole dollar. DO NOT use dollar signs $. If a value needs to be blank, type 0. Don't forget to put a negative sign for any cash outflows.) Year o Year 1 Year 2 Year 3 Your calculated ATIRR equals percent. (Type your number. Round to 2 decimal places. For example, if you got 1.23 percent, type: 1.23) You also know that you have an opportunity to earn a 18% return from other investments. IS THE FOLLOWING STATEMENT TRUE OR FALSE? In this case, it is worth renting this house. This statement is (Type TRUE or FALSE.)