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22. Let's say you own a corner lot at the intersection of Highways 59 and 80. You are considering building a new restaurant or a

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22. Let's say you own a corner lot at the intersection of Highways 59 and 80. You are considering building a new restaurant or a new gas station and then selling in three years. Both projects have estimated initial investments of $350,000. Assuming a required return of 7 percent and the following estimated cash flows (in thousands), what do you recommend? Year 2 Project Rest. Gas Year 1 400 16 Year 3 10 466

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