Mike can purchase a one-bedroom house near his college today for $110,000, including the cost of some minor repairs. He expects to be able to resell it in four years for $150,000 if he just puts a little effort into cleaning up the property. At a discount rate of 6.5 percent, what is the expected net present value of this purchase opportunity? Select one: a. $6,598.46 b. $2,487.43 c. $3,001.61 d. $4,311.02 e. $7,208.18