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A real estate investment has the following expected cash flows: YEAR 0 1 2 3 4 The Irivestor wants a 6.00% return on this investment.

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A real estate investment has the following expected cash flows: YEAR 0 1 2 3 4 The Irivestor wants a 6.00% return on this investment. What is the NPV of this opportunity? A real estate investor likes to "fip" houses. That is, he likes to buy a house at a low price and then "flip" or sell the house for a higher price. The investor is looking at a foreclosed house that will cost $232,229,00 today. He will invest an additional $43,258,00 in the first year of owning the house to upgrade its foatures. He then belioves he can soll the house for $437,259.00 at the end of the second year. What is the NPV of this investment if our investor wants to earn a 17.00% annual return on the house? Answer format: Currency: Round to: 2 decimal places

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