Problem 3.3. Sunset Properties, Inc., is considering investing $250 million in land that it will hold for 25 years and then resell. The investment generates pretax net cash flows of $40 million per year, expressed in todays prices. Land values are expected to rise at the rate of 7% per year, while other prices are expected to rise at 2% per year. The tax rate is 45% and the OCC is 13%. Calculate the NPV of this project. My teacher provided a solution of NPV = -21,314.4146 (I think answer is expressed in terms of thousands), but what are the steps to get this answer? Thanks!