You are considering upgrading the kitchen in a rental unit. You expect the rental to be easier to rent out and rent out for more per month. However, investing money into rental units is generally avoided. Currently you are renting the unit out for $$982$ per month. That rent will be the same for the next ten years. If you renovate the kitchen you can easily rent the unit out for $$1251$ per month. In ten years, you estimate that the house will sell for $$190,000$ without the renovation and $$210,000$ with the renovation. The renovation will cost $$17,122.$ Your hurdle rate on the project is $8\%.$ What is the NPV of renovating?