An investor calculated the net present value of a real estate investment as $1,200,000. The investment was being offered for sale for $1,000,000. The investor should:

a.

Refuse the investment because it does not meet her yield requirement

b.

Not buy the investment unless the seller takes $200,000 off the asking price

c.

Buy the investment because it more than meets her yield requirement

d.

Offer $200,000 more than the seller is asking