Chris Paul inherited a plot of land. He can either convert it to a parking lot or build a gas station on it The parking lot will cost $50K to start and the gas station will cost $250K to start Chris will sell the business in the 5th year. The cash flows will look like: Which one should he do if his required rate of return is 10% Which one should he do if his required rate of return is 15% At which required rate of return would he not care which one to do