1. An investor is considering the acquisition of a "distressed property" which is on Northlake Bank's REO list. The property is available for $200,000 and the investor estimates that the property will require the following total expenditures during the next year: Inspection $ 500 Title search 1,000 Renovation 13,000 Landscaping 800 Insurance 1,800 Property taxes 6,000 Selling expenses 8,000 The investor is wondering what such a property must sell for after one year in order to earn a 20 percent return