Question: An investor is considering purchasing a retail complex that is projected to generate $6500 in net operating income (NOI) in the first year and will

An investor is considering purchasing a retail complex that is projected to generate $6500 in net operating income (NOI) in the first year and will be sold after 5 years. Suppose that NOI will grow by 3% per year. If the purchase price is expected to be $54000 and the sale price is expected to be $60000, what is the net present value (NPV) of the investment in the office building? Use a discount rate of 10%

Round your answer to the nearest dollar.

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