The asking price of an acre of farm land is currently $2,500 per acre. The current net cash flow is $130 per acre, the investor's after-tax discount rate is 6% and the planning horizon is 10 years. The inflation rate of current returns is 3% and land values are 2%. The investor's marginal tax rate is 25% and the capital gains tax rate is 15%. Calculate the net present value (NPV), showing each of the following items in your calculation.(Do not enter decimals or commas).

• Initial investment $
• Net earnings $
• Terminal land value $
• Capital gains tax $
• NPV