Mr and Ms. Prinze are evang an investment in undeveloped and the years sidd.000, and they can borrow $60,000) of the purchase price at 8 percent. They will pay interest only in years through the annual property tax on the land will be $1,200 in years through 5 Mr. and Mrs Prinze project that they can tell the land in years for $160000 and repay the 560,000 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 Apped and Annedal 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 Onterest plus property tax is fully deductible in years through 5 b. Determine the NPV of this investment Because the Princes dontitemde 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. Required Required Determine the NPV of this investment. Because the Prinzes don't we deductions, they elect to capitalize the annual carrying charge to the basis of the land. (indicate cash outflows and tax costs with a minus sign Round your intermediate calculations to the nearest whole dollar amount.) Year Year 2 Years Yen4 Year 5 Belen tax can flow Nexsavings from deductions Atarax clow Nepente of the transaction $ os OS 0$ 05 os 0 Required A Required