Kartman Corporation is evaluating four different real estate investments. Management plans to buy the properties today and sell them three years from today. The annual discount rate for these investments is 16%. The following table summarizes the initial cost and the sale price in three years for each property:. Kartman has a total capital budget of $580,000 to invest in properties. Which properties should it choose? The profitability index for Parkside Acres is Data table (Click on the following icon Parkside Acres Real Property Estates Lost Lake Properties Overlook in order to copy its contents into a spreadsheet.) Cost Today $540,000 950,000 530,000 40,000 Sale Price in Year 3 $1,040,000 1,550,000 930,000 240,000 X