You have an opportunity to purchase rental real estate.

Your required return on your investment is 11 %.

The initial investment in the property is $325,000. You have done your research and have forecasted a monthly rental income of $ 2,400 per month. You intend to hold on to this investment at least 5 years and at the end of five years hope to sell at $370,000.

What is the net present value and internal rate of return of this investment? Is the net present value and internal rate of return in agreement?

	A.	$1,018, 11.1%, NPV and IRR agrees
	B.	-$1, 218, 11.5%, NPV and IRR are not in agreement
	C.	$1,018, 10.5%, NPV and IRR are not in agreement.
	D.	$2,089, 11.1%, NPV and IRR agrees