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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

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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 13%. The following table summarizes the nitial cost and the sale price in three years for each property: Sale Price in Year 3 Cost Today 1,020,000 ,520,000 910,000 220,000 $520,000 920,000 510,000 20,000 Parkside Acres Real Property Estates Lost Lake Properties Overlook Kartman has a total capital budget of $540,000 to invest in properties. Which properties should it choose? (Round to two decimal places.) The profitability index for Parkside Acres is

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