3. Your father will convey a property to you in 15 years. If the property is expected to be worth $600,000 when you receive it, what is the present value of the property? Your discount rate is 6%. 4. What is the NPV of $500 received for the next four years and $2,000 received at the end of the fifth year if your required return is 8%? Lind fun murchased a vacant parcel of land five