A young couple just had their first baby and is looking for additional income. They are considering renting out the space above their garage as an apartment. To convert the space, the couple will have to invest $30,000.00 today. It will take one year before they can begin renting the space. Let's suppose that they can rent the apartment for $748.00 per month for 10.00 years. (first payment will be in one year, annuity due). The couple would like to earn 6.00% APR on this investment. What is the NPV of this opportunity? Answer format: Currency: Round to: 2 decimal places. Suppose that you own a land development company. You have the opportunity to buy a parcel of property today for $400,000.00. Once you own the property, you will have to invest in infrastructure (sewer lines, electric grid, etc.). This will require another investment in year 1 of $200,000.00. You will then sell the parcel in year 2 for $800,000.00 to builders. If the cost of capital is 10.00%, what is the NPV of this opportunity to your company? Answer format: Currency: Round to: 2 decimal places