Given the following information regarding an income producing property, determine the NPV using levered cash flows in your analysis.

Required equity investment: $270,000

Expected NOI for each of the next five years: $150,000

Debt Service for each of the next five years: $125,000

Expected Holding Period: 5 years

Required yield on levered cash flows: 15%

Expected Sale Price at end of Year 5: $2,000,000

Expected Cost of Sale: $125,000

Expected Mortgage Balance at time of sale: $1,500,000.