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You are presented with the opportunity to purchase a small apartment complex that you plan to keep for five years and then sell. The cash

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You are presented with the opportunity to purchase a small apartment complex that you plan to keep for five years and then sell. The cash flows are as follows: Year 1: $50,000 Year 2: $50,000 Year 3: $60,000 Year 4: $60000 Year 5: $560,000 What is the most you can pay for this property and still make a return of 12%? $483,099.49 O $465,732,82 $780,000 O $501,354.25

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