4-47. A company has the opportunity to take ove a redevelopment project in an industrial are of a city. No immediate investment is require but it must raze the existing buildings over four-year period and at the end of the fourt year invest $2,400,000 for new construction will collect all revenues and pay all costs a period of 10 years, at which time the enti project, and properties thereon, will revert the city. The net cash flow is estimated to be a follows: Year End Net Cash Flow 500,000 300,000 100,000 -2,400,000 150,000 200,000 250,000 300,000 350,000 400,000 10 4-47. A company has the opportunity to take ove a redevelopment project in an industrial are of a city. No immediate investment is require but it must raze the existing buildings over four-year period and at the end of the fourt year invest $2,400,000 for new construction will collect all revenues and pay all costs a period of 10 years, at which time the enti project, and properties thereon, will revert the city. The net cash flow is estimated to be a follows: Year End Net Cash Flow 500,000 300,000 100,000 -2,400,000 150,000 200,000 250,000 300,000 350,000 400,000 10