Question: Suppose that in problem above ( refer to picture ) , at the end of the fourth year Susan can invest $ 3 , 0
Suppose that in problem above refer to picture at the end of the fourth year Susan can invest $ to wage a zoning change that has a probability of success. The zoning change will make the property worth $ at the end of the eighth year. Assume that Susan requires a rate of return on this investment. What is the NPV
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