32. Given the following information, calculate the Net Present Value for this investment: First-year NOI: $18,775 with an annual growth rate of 7%; Purchase Price = $ 520,000; Equity Investment = 20%; Discount Rate = 12%; BTER = $ 840,000; Holding period = 5 years. A. $ 420,298 B. $ 553,298 C. $ 449,298 D. $ 520,298