Question: A developer purchased 1 0 0 acres two years ago in hopes of developing a new mixed - use conservation property with residential and commercial

A developer purchased 100 acres two years ago in hopes of developing a new mixed-use conservation property with residential 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 to proceed. However, the market has changed and he is not sure of the project's value. His latest market analysis suggests that his project will have the following after-tax cash flows: However, the developer has also been offered \$117,640.00 today (after-tax cash flow) to sell his rights to the property by a larger firm. The developer wants a \(10.00\%\) annual return on the project. What is the NPV for continuing the project? Answer format: Currency: Round to: 2 decimal places.
A developer purchased 1 0 0 acres two years ago

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