$15.$ Your financial planning client is considering the purchase of a real estate income property. The cost of the four$-$room apartment complex is $$600,000.$ The projected annual net operating cash flows at the end of years $1-4$ are $$50,000,$ $$53,000,$ $$56,000$ and $60,000,$ respectively. Additionally, at the end of year four it is projected that the property could be sold for $$750,000($after commissions$).$ Should you recommend the purchase of the property if your client demands a $14\%$ internal rate of return and a positive NPV$?$

Group of answer choices

No$,$ the internal rate of return on this purchase is only $14\mathrm{.}1\%$ and the NPV is negative.

No$,$ the NPV is a positive $$2025$ but the internal rate of return on this purchase is only $13\mathrm{.}9\%$

Yes, the internal rate of return on this purchase is $14\mathrm{.}1\%$ and the NPV is $$33,500.$

Yes, the internal rate of return on this purchase is $14\mathrm{.}1\%$ and the NPV is $$2025$