Ariel Andres, CFA, is contemplating the purchase of a shopping mall. The average annual after tax cash flow for the next ten years is expected to be $30000. The property cost $750000. Andres will put down 25 percent and borrow the rest. In ten years, the property will be sold netting $350000 after taxes. What is the approximate yield on the shopping mail()
A. 13.8%.
B. 20.35%.
C. 17.2%.