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You own land worth $225,000. You are considering either selling the land or building an office park which will cost $1.3 million to construct. Once
You own land worth $225,000. You are considering either selling the land or building an office park which will cost $1.3 million to construct. Once the construction is complete after 1 year, you estimate you can sell the complex for $1.7 million dollars. What is the NPV if the cost of capital is estimated at 9.9%? (Answer to nearest dollar)
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