C) Suppose ACME's annual required rate of return is 10%, what is their NPV? Do you recommend they invest in this building? d) Suppose ACME's annual required rate of return is 50%, what is their NPV? Do you recommend they invest in this building? 35000 VOVNI Part II. Show all work in order to earn partial credit!! FINAL ANSWERS ON THE LAST PAGE! In your final answer, round yields to 2 decimal places (ex 4.95%) and decimal places (ex. $765.45) 95%) and values to 1) NPV {a worth 10 points, b, c, d 5 points each) Acme is considering building an office building and selling it in the future. They forecast: At t=0 it will cost them $700,000 to buy the land At t=1 it will cost them $300,000 to develop At t=2 it they will sell it for $2,000,000 and pay 8% of the sale price in selling expenses. a) Write out the Net Present Value formula for this investment for a general annual discount rater. Plug all of the numbers you can into the formula