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4. Assume you purchase a retail building for $1, 1 50,000. You have no cash flow and no expenses in year s 1 - 9

4. Assume you purchase a retail building for $1,150,000. You have no cash flow and no expenses in years 1-9, but you find a buyer at the end of year 9 to buy it from you for $1,550,000. What is your NPV for this investment using a discount rate of 7% ?
a. $126,048
b. -$371,734
c. 7.00%
d. -$306,903

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