BECE Developments is considering purchasing a small commercial building located in Prince George that will cost $$800,000$ and will require $$125,000$ in renovations immediately. Revenue from rent is estimated to be $$200,000$ a year.Expenses are estimated to be $$50,000$ a year. The company plans to keep the building for $6$ years and estimates they will be able to sell the building for $25\%$ more than the original purchase price.BECE wants to earn at least $20\%.$Assume expenses occur at the beginning of the year and revenue at the end of theyear.What is the IRR?O IRR$=16\mathrm{.}24\%,$ earn possitive return, yes, investO IRR$=16\mathrm{.}06\%,$ earn possitive return, yes, investO IRRE$-8\mathrm{.}15\%,$ earn negative return, notinvestO IRR$=16\mathrm{.}24\%,$ less than required $20\%,$