Given the following information, calculate the Net Present Value for this investment: First-year NOI: $18,775 with an annual growth rate of 7%;
Purchase Price = $ 520,000; Equity Investment = 20%; Discount Rate = 12%;
BTER = $ 840,000
A. $ 420,298
B. $ 553,298
C. $ 449,298
D. $ 520,298