Question: 7) Need help on this question please help me, Thanks Susan bought a piece of property for $9,000. At the end of the fourth year,

7)

Need help on this question please help me, Thanks

Susan bought a piece of property for $9,000. At the end of the fourth year, Susan can invest $3,000 to wage a zoning change with a 100% probability of success. The zoning balance will make the property worth $30,000 at the end of the eighth year. Assume that Susan requires a 12% rate of return on this investment. What is the NPV?

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