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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 12%. The following table summarizes the initial cost and the sale price in three years for each property. Kartman has a total capital budget of $800,000 to invest in properties. Which properties should it choose? Em The profitability index for Parkside Acres is (Round to two decimal places.) X Data table (Click on the following icon in order to copy its contents into a spreadsheet) Cost Today $650,000 Parkside Acres Real Property Estates 860,000 MGT3 Priva Lost Lake 640,000 Properties Overlook 150,000 Sale Price in Year 3 $1,150,000 1,460,000 1,040,000 350,000

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