please do it in 10 minutes will upvote

10. William realized that he was facing the classic buy-versus-rent decision. It is time for him to apply some of the analytical tools he had acquired in the Engineering Economics course. In the US, on average, the house price increases by 3 percent per year. Given his mortgage rate of 5%, William will lose money by purchasing the house. On the other hand, if he decides to continue to rent, he will lose the monthly rent. Conduct an incremental analysis using the IRR method to determine whether purchasing the house is economically advisable. For this analysis, you should consider the price of the house at the end of 30 years. Also, remember that William's personal MARR is 6% compounded monthly. 10. William realized that he was facing the classic buy-versus-rent decision. It is time for him to apply some of the analytical tools he had acquired in the Engineering Economics course. In the US, on average, the house price increases by 3 percent per year. Given his mortgage rate of 5%, William will lose money by purchasing the house. On the other hand, if he decides to continue to rent, he will lose the monthly rent. Conduct an incremental analysis using the IRR method to determine whether purchasing the house is economically advisable. For this analysis, you should consider the price of the house at the end of 30 years. Also, remember that William's personal MARR is 6% compounded monthly