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:

Cost Today Sale Price in Year 3 Parkside Acres 640,000 1,140,000 Real Property Estates 970,000 1,570,000 Lost Lake Properties 630,000 1,030,000 Overlook 140,000 340,000

Kartman has a total capital budget of $780,000 to invest in properties. Which properties should it choose?