can you please solve requirrd 1~3? thank you!

stream over the investment li Problem 19.9 Ron Flessner is i lue of the Wolverine Inn by discounting the income fe interested in purchasing the Wesleyan Motel in central Ilinois. 18% return on his investment and can borrow any funds required chase at an annual interest rate of 10%. Assume that the mortgage tant would be 10.8% and that he would borrow 80% of the market value for the pu of the property His erty for the next 7 years is as follows: consultants have indicated the income stream for the desired prop- Income Stream $1,100,000 1,050,000 1,000,000 Year PROBLEMS 553