Firm K, a noncorporate taxpayer, has owned investment land with a $600,000 basis for four years. Two unrelated parties want to acquire the land from K. Party A has offered $770,000 cash, and Party B has offered another tract of land with a $725,000 FMV. If K accepts Party B's offer, it would hold the new land for no more than two years before selling it. The FMV of this land should appreciate 10 percent annually. K's tax rate on capital gain is 15 percent, and it uses a 7 percent discount rate. Use Appendix A and Appendix B. Required: a. Compute NPV of after-tax cash flow for each parties. b. Which offer should K accept to maximize the NPV of the transaction? Complete this question by entering your answers in the tabs below. Required A Required B Compute NPV of after-tax cash flow for each parties. (Round discount factor(s) to 3 decimal places, intermediate calculations and final answers to the nearest whole dollar amount.) Amount NPV of After-tax cash flow from Party A's offer NPV of After-tax cash flow from Party B's offer Required B >