The following information relates to the next three questions: MacGiver Inc., owns a plot of land in a large metro area. The company could use the land in one of two ways. Either a gas station or a parking garage can be built and operated, but not both. The following are the cash flows from either choice (in $000)

Year	Initial	1	2	3	4	5
Gas	-1,200	475	475	475	475	475
Parking	-3,500	1,200	1,200	1,200	1,200	1,200

The cost of capital for both projects is 12%.

What is the NPV of each project, Gas Station; Parking Garage? (Hint, the cash flows above are annuities with a starting lump sum; therefore, it is NOT necessary to treat as an UNEVEN cash flow stream!)

Group of answer choices

Gas, $212,269; Parking, $325,731

Gas, $612,269; Parking, $825,731

Gas, $212,269; Parking, $125,731

Gas, $512,269; Parking, $825,731

Gas, $412,269; Parking, $825,731