A project will generate the following cashflows:

Year 0 & Year 1 Cost of purchasing and remodeling an office building $150,000 & $100,000

Rental proceeds of $30,000 every year forever, starting from year 2

The opportunity cost of capital is 10%. Whats the net present value of this project?

$31,818

$7,025

$28,926

$50,000