Mr. and Mrs. Prinze are evaluating an investment in undeveloped land. The year 0 cost is $100,000, and they can borrow $60,000 of the purchase price at 8 percent. They will pay interest only in years 1 through 5 . The annual property tax on the land will be $1,200 in years 1 through 5. Mr. and Mrs. Prinze project that they can sell the land in year 5 for $160,000 and repay the $60,000 loan from the sales proceeds. They have a 37 percent marginal tax rate on ordinary income, are subject to the Medicare contribution tax, and use a 4 percent discount rate to compute NPV. Use AnRendix.A and Aprendix B. Required: a. Determine the NPV of this investment assuming the Prinzes have enough net investment income and other itemized deductions so that the $6,000 annual carrying charge (interest plus property tax) is fully deductible in years 1 through 5 b. Determine the NPV of this investment. Because the Prinzes don't itemize deductions, they elect to capitalize the annual carrying charge to the basis of the land Complete this question by entering your answers in the tabs below. Determine the NPV of this investment assuming the Prinzes have enough net investment income and other itemized deductions so carrying charge (interest plus property tax) is fully deductible in years 1 through 5 . Note: Indicate cash outflows and tax costs with a minus sign. Round your intermediate calculations to the nearest whole dolfar am