An investor has an opportunity to buy a parcel of land for, Financial Management

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An investor has an opportunity to buy a parcel of land for

An investor has an opportunity to buy a parcel of land for $350,000. He plans to sell it in two years. What will the sale price have to be for the investor to get a 23% constant dollar before-tax ROR with inflation averaging 12% annually?

A) 710,495

B) 664,224

C) 598,261

D) 753,128

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