An office building is available for sale in Parma Heights. Cash flows from rent amount to $53,000 per year, every year, for the next ten years. Financing arrangements are made to borrow at 6.85%. The cost to buy the buidling is $350,000. Calculate its NPV.
a 33,303.34
b 31,025.15
c 29,940.54
d 24,844.67