Problem 31 Kartman corp is evaluating four real estate investments. Management plans to but the properties today and sell them three years from today. The annual discount rate for these investments is 15%. The following table summarizes the initial cost and the sale price in three years for each property: Parkside acres Real property estates Lost lakes properties Overlook Cost today $650,000 800,000 650,000 150,000 Sale price in year 3 $1,150,000 $1,400,000 S1,050,000 350,000 Kartman has a total capital budget of $800,000 to invest in properties. Which properties should it choose