You are an analyst at a REIT and have been asked to make a recommendation if the

You are an analyst at a REIT and have been asked to make a recommendation if the company should invest in the following three properties.Apartment ComplexPurchase Price$19 millionNOI Year 1$1.9 millionNOI Year 2$2 millionNOI Year 3$2.1 millionNOI Year 4$2.2 millionNOI Year 5$2 millionNet Reversion$22 millionShopping CenterPurchase Price$14 millionNOI Year 1$1.4 millionNOI Year 2$1.5 millionNOI Year 3$1.7 millionNOI Year 4$1.6 millionNOI Year 5$1.8 millionNet Reversion$18millionFlex BuildingPurchase Price$10 millionNOI Year 1$900000NOI Year 2$1.2 millionNOI Year 3$1.4 millionNOI Year 4$1.5 millionNOI Year 5$1.6 millionNet Reversion$14 millionCalculate the NPV and IRR on each of these properties individually and collectively assuming a discount rate of 15 percent. Which property/properties do you recommend purchasing?