You have a chance to buy a plot of rice land that is offered for sale for $$5000/$ acre. You expect$*$ the annual NET returns $($revenue minus costs$)$ from rice production to be $$400/$acre in Year $1*$ the NET returns will grow slightly faster than inflation over time $(3\%$ per year...so the net return in Year $2$ would be $$412),*$ inflation of $2\%,*$ you will own the land for $25$ years before selling it$,*$ the value of the land for resale will grow at the same rate as inflation $(2\%$ annual growth$).$

What is the resale value of the land per acre $($in Year $25)?$

What is the NPV of the investment if you add a $3\%$ risk premium $($this assumes rice prices may be inconsistent, weather issues could arise, etc.$).$