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You are analyzing a property that popped up on CREXI. Real estate taxes and management services cost 42,362 and 31,563, respectfully. Other expenses are 15,369.

You are analyzing a property that popped up on CREXI. Real estate taxes and management services cost 42,362 and 31,563, respectfully. Other expenses are 15,369. If the average rent over the five years is 201,300, you purchase the property for $400,000, and your required return is 12%, then what is the NPV?

A. 26,356

B. 12,635

C. -5,698

D. -19,277

E. 4,789

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