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pls thanks A real estate investment has the following expected cash flows: The investor wants a 7.00% return on this investment. What is the NPV
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A real estate investment has the following expected cash flows: The investor wants a 7.00% return on this investment. What is the NPV of this opportunity? Answer format: Currency: Round to: 2 decimal places. A real estate investor likes to "flip" houses. That is, he likes to buy a house at a low price and then "flip" or sell the house for a higher price. The investor is looking at a foreclosed house that will cost $230,211.00 today. He will invest an additional $47,719.00 in the first year of owning the house to upgrade its features. He then believes he can sell the house for $426,191.00 at the end of the second year. What is the NPV of this investment if our investor wants to earn a 13.00% annual return on the house? Answer format: Currency: Round to: 2 decimal places Step by Step Solution
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