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Durant Avenue is expected to undergo some ownership changes. The long-time owner of Top Dog is considering selling his beloved restaurant and retiring to the Berkeley hills. The owner of the nearby Taco Bell has offered to buy Top Dog for $350,000 and the interest rate is 7%. The owner is considering the following two alternatives: a) Hire someone to manage the restaurant for the next year and retire. This will require the owner to spend $50,000 now, but will generate $100,000 in profit at the end of the year. In one year the owner will sell the restaurant for $350,000. b) Scale back the restaurant's hours and ease into retirement over the next year. This will require the owner to spend $40,000 on expenses now, but will generate $75,000 in profit at the end of the year. In one year the owner will sell the restaurant for $350,000. 15. The NPV of alternative a) is closest to: A. $350,000 B. $370,561 C. $357,196 D. $401,121 16. The NPV of alternative b) is closest to: A. $350,000 B. $370,561 C. $357,196 D. $401,121