A friend has asked for your help in determining whether she should invest in a property. She tells you that the property will have annual cash flows of $2,000during the first two years and will increase by $200every two years. She plans to keep the property for eight years and then sell it for an expected price of $60,000. She has an annual discount rate of7%, and the current market price for the property is $50,000. Calculate the NPV of this investment opportunity. Should your friend invest in this property? Would your answer change if the discount rate drops to6%? Which should be the required discount rate to start investing in this property? (Round your answers to one decimal). (Show work)