An investor has projected three possible scenarios for a project as follows: Pessimistic- NOl will be $245 , 000 the first year, and then decrease 2 percent per year over a five-year holding period. The property will sell for $1.98 mittion after five years. Most fikely-NO/ will be level at $245 , 000 per year for the next five years (level NOI and the property will sell for $2.45 million. Optimistic-NOl will be $245 , 000 the first year and increase 3 percent per year over a five yeat holding period. The property will then sell for $310 million. The asking price for the property is $2.45 millon. The investor thinks there is about a 30 percent probablity for the pessimistic scenario, a 40 percent probability for the most tikely scenario, and a 30 percent probability for the optimistic scenario. Required: a Compute the IRR loc each scenarlo. b. Compute the expected IRR. c. Compute the vartance and standard deviation of the 1 RR