You are a multifamily developer$/$investor planning a $200-$unit multifamily block. You've already done the groundwork: optioning the land and drawing up initial designs. Now, you're moving on to the financial planning stage, where you must ensure that the numbers add up before you can confidently move forward with buying the land and starting construction.

You plan to buy the land, develop the building and then sell it at the end of the third year. The cash flows are very simple, you will pay $$30$m upfront to fund the purchase and construction $($in period $0),$ and then in $3$ years you will sell the property for $$50$m$.$