1. Youre considering investing $35,000 in a new development project which you expect to complete in five years. Youll earn all your return when you sell the project (i.e., you earn nothing in years 1-4). Answer the following:
   1. Youve done some research and similar projects with similar risks usually earn 16% annual interest. Assuming that you have the option to invest in one of the other projects instead, what is the minimum sales price you would need to receive in year five for you to accept this project?