QUESTION 11 You would like to develop an office building. Your analysts forecast that it will cost you $1,000,000 immediately (time 0), and it will cost you $500,000 in one year (time 1). They forecast you can sell the building for $2,400,000 in two years (time 2). If your discount rate is i= 25%, what is the net present value of this investment? 136,000 13,600 1,360,000 156,000 QUESTION 12 What is the IRR of the project in question 11? (if you are using an ordinary calculator, it is a quadratic equation, if you are using a financial calculator, use the CF method). 30.92% 31.92% 32.92% 29.92%

136,009 13.600 1,360,000 156000 QUESTION 12 yes2s 31925 3232% 29924