The table below shows two, $10-$year cash flow projections $($in $ ons, including reversion$)$ for the same property. The

upper row is projection that is presented by the broker trying to sell the ding, the bottom row are the realistic

expectations developed by Assume that the current market value for the property is $$10on.$ What is the most likely

amount of "disappointment" $($that is$,$ difference in total return, or IRR$)$ earned by an investor who s this property

believing the broker's cash flow projection?