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Question $9$ of $12$

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Dr$.$ Benjamin Pierce is considering a choice between two locations $($Broken Arrow, and Coweta$)$ for his private clinic. A lease at the Broken Arrow location costs $$1,000$ per month with a payment of $$2,000$ up front to guarantee the $3$ year lease. The Coweta location would cost $$1,200$ per month and would be leased from month to month. The anticipated revenue in either the Broken Arrow or the Coweta location is $$1,400$ per month. The estimated rate of return is $10\%$ per year. The NPV at the Broken Arrow location is $ $($round to two decimal points$).$

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Question $9$ of $12$