You think an investment with this much risk requires an


You can buy a piece of land for $1,000,000. You think you will be able to sell it to a developer in about five years for twice that amount. Assume the cash flows in the interim years are $0. You think an investment with this much risk requires an expected return of in the range of 12% to 14% per year. What is the NPV?

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Business Management: You think an investment with this much risk requires an
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