Yogajothi is thinking of investing in a rental house. The total cost to purchase the house, including legal fees and taxes, is $240,000. All but $40,000 of this amount will be mortgaged. He will pay $1600 per month in mortgage payments. At the end of two years, he will sell the house and at that time expects to clear $50,000 after paying off the remaining mortgage principal (in other words, he will pay olf all his debts for the house and still have $50,000 left). Rents will earn him $2500 per month for the rst year and $2900 per month for the second year. The house is in fairly good condition now, so he doesn't expect to have any maintenance costs for the rst six months. For the seventh month, Yogajothi has budgeted $400. This gure will be increased by $30 per month thereafter (e.g., the expected month 7 expense will be $400, month 8, $430, month 9, $460, etc.). If interest is 6 percent compounded monthly, what is the present worth of this investment? Given that Yogajothi's estimates of revenue and expenses are correct, should he buy the house