June $2019,$ Greek Consulate in Jerusalem. While sipping cocktails with my friend, Katerina, she

shares her future business plan. She wants to use a piece of land that her father owns back in our

hometown $($Preveza$)$ to build two luxurious villas. The land is next to the sea, thus not very fertile,

but can be rented to farmers for a mere $$10,000$ per year. The total construction cost is $$200,000$

and she can depreciate half of the cost linearly over the next $10$ years. She plans to rent one villa

for $$24,000$ per year and keep the second one so she can move from the apartment she currently

rents for $$1,000/$month$.$ When the $10-$year period ends, she is confident that she can sell both villas

for $$350,000.$ Her flat tax rate is $20\%$ and the required rate of return of the project is $18\%.$

$1.$ Should I advice her to take the project?

$2.$ Got your response! But just to be sure, could you calculate the NPV of the project?