Your friend, Ryan, is planning to buy an investment property today and hold for 4 years and then sell. Given the following cash flows and the fact that the expects an annual return of 11% on any investment he makes, how much should he pay for this property? 1 2 Initial Outlay 3 Year 1 4 Year 2 5 Year 3 6 Year 4 Inflows Outflows $0 $0 $45,000 $55,000 $55,000 $20,000 $55,000 $20,000 $255,000 $35,000 D Net $0 ($10,000) $35,000 $35,000 $220,000 Write down the Excel function used for this question -NPV/11 02:06) NPV 11%, 13:36 O NPV11%, 82.36) NPV(11% 03:D)