A developer purchased $100$ acres bwo years ago in hopes of developing a new mised$-$use conservation property wth residental and commercial space. In the past two years, the developer has spent $$200,000,00$ on legal fees and application fees to seek approval of the plan. This morning, the developer got the approval tio proceed. However, the market has changed and he is not sure of the projects value. His latest market analysis supgests that his propect walt have the following afier$-$tax cash flows:

$\backslash$table$[[$YEar$,0($today$),1,2,3,4,5],[$Cash flow,$-$$$313,571\mathrm{.}00,-$$$150,000,00,$$$150,000,00,$$$150,000\mathrm{.}00,$$$150,000,00,$$$150,000\mathrm{.}00$