Your client has been offered the opportunity to purchase a property investment. Given the following assumptions: Holding period Cost Rental income Inflation forecast Exit yield forecast Target rate of return Transaction costs 5 years $50,000,000 $4,000,000 (receivable annually in arrears and linked to inflation) 3% 6% 10% 3% Advise your client of the Net Present Value of the investment opportunity. Annotate your calculations with an appropriate commentary.