You have an opportunity to acquire a property from First Capital Bank. The bank recently obtained the property from a borrower who defaulted on his loan. First Capital is offering the property for $$284,000.$ If you buy the property, you believe that you will have to spend $(1)$ $$11,900$ on various acquisition$-$related expenses and $(2)$ an average of $$3,400$ per month during the next $12$ months for repair costs, and so on$,$ in order to prepare it for sale. Because First Capital Bank would like to sell the property as soon as possible, it is willing to provide $$264,000$ in financing at $4\mathrm{.}25$ percent interest for $12$ months payable monthly $($interest only$).$ Your market research indicates that after you repair the property, it may sell for about $$334,000$ at the end of one year. Furthermore, you will probably have to pay about $$4,400$ in fees and selling expenses in order to sell the property at that time.

Required:

a$.$ If you wanted to earn a $20$ percent return compounded monthly, do you believe that this would be a good investment?

b$.$ What would you need to sell the property for in order to achieve the $20$ percent return? $($Do not round intermediate calculations. Round your final answer to nearest whole dollar amount.$)$