You are considering the acquisition of a small office building. The purchase price is $575,000. Seventy percent of the purchase price can be borrowed with a 30 -year, 4.5 percent mortgage. Payments will be made annually. Up-front financing costs will total three percent of the loan amount. The expected before-tax cash flows from operations--assuming a 5-year holding period-are as follows: The before-tax cash flow from the sale of the property is expected to be $225,000. What is the net present value of this investment, assuming a 9 percent required rate of return on levered cash flows (rounded to $ Thousands)? Excel a) $240,000 b) $189,000 c) $213,000 d) $185,000 e) $386,000 f) $208,000 You are considering the acquisition of a small office building. The purchase price is $575,000. Seventy percent of the purchase price can be borrowed with a 30 -year, 4.5 percent mortgage. Payments will be made annually. Up-front financing costs will total three percent of the loan amount. The expected before-tax cash flows from operations--assuming a 5-year holding period-are as follows: The before-tax cash flow from the sale of the property is expected to be $225,000. What is the net present value of this investment, assuming a 9 percent required rate of return on levered cash flows (rounded to $ Thousands)? Excel a) $240,000 b) $189,000 c) $213,000 d) $185,000 e) $386,000 f) $208,000