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Question 28 (6 points) An investor is considering the purchase of a restaurant that will cost $215,000 today. The investor will own the restaurant for

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Question 28 (6 points) An investor is considering the purchase of a restaurant that will cost $215,000 today. The investor will own the restaurant for exactly 4 years and then sell the asset. Here are the projected cash flows for the next 4 years: YEAR 1 2 3 4 CASHFLOW$25,000 $30,000 $35,000 $40,000 The investor would like a 20% return on her investment. To achieve this return, how much will she need to sell the restaurant for in exactly 4 years? (ignore taxes...) $246,320 No answer is listed that is within $1,000 of the correct answer. $231,340 $298,160 $277.424

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