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22) Given the following expected cash flow stream, determine the NPV of the investment opportunity: investment horizon: three years; end of first year NOI estimate:

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22) Given the following expected cash flow stream, determine the NPV of the investment opportunity: investment horizon: three years; end of first year NOI estimate: $886,464; end of second year NOI estimate: $913,058; end of third year NOI estimate: $940,450; price at which the property is expected to be sold at the end of year 3: $5,000,000; current market price of the property: $6,200,000; discount rate: 9%. A. $321,010.66 B. $28,451 C. +$28,451 D. +$321,010.66

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