29. A property analyst has projected three possible scenarios for a project as follows: Pessimistic MostLikely Optimistic Scenario Probability 20% 50% 30% NDI $5 00,000 $5 00,000 $500 ,000 Change in N01 2.00% 0.00% 3.00% Resale Price (terminal T.ralue} $2,300,000 $3,000,000 $3,200,000 Asking Price $3,000,000 $3,000,000 $3,000,000 [RR 2.15% 9.3% 13.2% i} Compute the expected IRE. ii) Compute the variance and standard deviation of the IRRs. iii) Would this project be better than one with the information as follows: [hint compute the coefcient of variations of both projects]? Pessimistic MostLikel I timistic Scenario Probability 20% 50% 30% [RR 5.5% 9.5% 16.5% iv} If a loan for $1.5 million is obtained at a 10% interest rate and a 15year term, calculate the expected [RR on equity and the standard deviation of the return on equity with the information as follows: MostLike Seamanship iv} Compare the results 'om (iv) with those from {i} to {ii}. Has the loan increased the risk?I Explain