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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

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 . 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
Real Property Estates
Lost Lake Properties
Overlook
Kartman has a total capital budget of to invest in properties. Which properties should it choose?
The profitability index for Parkside Acres is
nothing. (Round to two decimal places.)

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