Greystar is considering developing a multifamily property scheme in Boise, Idaho. The development is projected to cost $125,000,000. The proforma projects that will earn rental income of over the following years of: - Y1: $3,500,000 - Y2: $4,700,000 - Y3: $6,200,000 - Y4:$6,800,000 - Y5: $7,300,000 Then they will sell the asset at the end of year 5 for $180,000,000. If the required rate of return is 10%, should this project be pursued? a. Yes. The NPV is $104,098,515.38 b. Yes. The NPV is $7,667,322.77 c. No. The NPV is $7,667,322.77 d. Yes. The NPV is $6,970,293.43