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Kartman Corporation is evaluating four different real estate investments. Managemont 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. Managemont 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 $830,000 lo irvest in properties. Which properties should it choose? The profitabilty index for Parkside Acres is (Round to two docimal placess.)

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