For the following problems:

Elliot has $$200,000$ that he would like to invest and is considering two different investment options. For each investment option, assume he will invest the $$200,000$ at the beginning of year $0$ and sell it at the end of year $2.$ His marginal tax rate is $24\%.$

Investment Option $1$: A corporate stock that is expected to generate dividend income of $6\%$ per year at the end of each year of the investment $($in years $0,1,2).$ This income will be taxed at a preferential rate of $15\%.$ The stock is expected to be sold at the end of year $2$ for $$200,000.$

Investment Option $2$: A $$200,000$ rental property that is expected to produce $$13,000$ in rental revenue each year $($in years $0,1,2)$ that is ordinary income $($taxable at his marginal tax rate$).$ Additionally, to maintain the rental property, Elliot will incur $$2,500$ of deductible expenses in years $1$ and $2.$ He expects to sell the property at the end of year $2$ for $$200,000.$

For investment $1,$ complete the following table. Round to the nearest whole dollar:

$\backslash$table$[[,$Year $0,$Year $1,$Year $2],[$Before Tax cash Flow,,,$],[$Tax $($cost$)$ Benefit,,,$],[$After$-$Tax Cash Flow,,,$]]$

Using a five percent discount rate, what is the NPV of investment $1?$ Round to the nearest whole dollar.

For investment $2,$ complete the following table. Round to the nearest whole dollar:

$\backslash$table$[[,$Year $0,$Year l$,$Year $2],[$Before Tax cash Flow,,,$],[$Tax $($cost$)$ Benefit,,,$],[$After$-$Tax Cash Flow,,,$]]$