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Suppose that you own a land development company You have the opportunity to buy a parcel of property today for $400.000.00. Once you own the

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Suppose that you own a land development company You have the opportunity to buy a parcel of property today for $400.000.00. Once you own the property, you will have to invest in infrastructure (sewer lines, electric grid, etc.). This will require another investment in year 1 of $200,000.00 You will then sell the parcel in year 2 for $800,000.00 to builders. If the cost of capital is 10.00% What is the NPV or the opportunity to your company? Submit Answer format: Currency. Round to 2 decimal places

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