1. The office building your company is considering acquiring has an acquisition price of $1,550,000 and your company only buys all-cash. If net cash flows are Yr. 1 and 2 = $195,000 then Yrs. 3,4 and 5 are $225,000 and your company thinks they can sell the building at the end of Yr 5 at $1,700,000, what is the NPV of this deal if your company uses a 8% discount rate?
   1. $404,156
   2. $451,853
   3. $453,715
   4. $331,846