Your clients, InvestGroup, the owners of City Tower Park, have been approached by other real estate professionals who want to sell three different properties. Your clients' desired rate of return is 11% on real estate investments. The following propositions have been made: Proposition 1 Current Asking Price (Initial Investment): $325,000 NOI: Year 1: $31,800 Year 2: $33,238 Year 3: $34,725 Year 4: $36,260 Year 5: $37,844 Net sales proceeds at the end of Year 5 are estimated to be $450,000. 1. What is the net present value of this asset? What is the internal rate of return? . 2. How does the IRR compare to the investor's required return? 3. Would you advise your client to purchase the asset or pass