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