5. Consider the REIT valuation spreadsheet presented in class. For each of the following scenarios, and all other things equal, determine whether each scenario will increase, decrease or won't affect the probability that new investors will achieve their levered required rate of return. a. A distribution is defined for NOI growth rate, where the average value remains the same, but the right "tail" of the distribution is longer than the left "tail". b. The quality adjustment value is lower. c. The risk premium is lower. d. The current market cap is higher. e. The price of the REIT is lower. f. The projected 10-year treasury rate is higher