Given the Following Information Regarding an Income Producing Property,determine the After

Multiple Choice

Given the following information regarding an income producing property,determine the after tax net present value (NPV) .Expected Holding Period: 5 years;1^st year Expected BTCF: $30,656;2^nd year Expected BTCF: $33,329;3^rd year Expected BTCF: $36,082;4^th year Expected BTCF: $38,918;5^th year Expected BTCF: $41,839;1^st year Expected Tax Liability: $7,645;2^nd year Expected Tax Liability: $8,658;3^rd year Expected Tax Liability: $9,708;4^th year Expected Tax Liability: $10,798;5^th year Expected Tax Liability: $6,951;Estimated
Before Tax Equity Reversion at end of year 5: $343,674;Expected Taxes Due on Sale at end of year 5: $32,032;Required equity investment: $241,163;After Tax Opportunity Cost: 11.2%

A) -$40,858
B) -$91,785
C) $40,858
D) $91,785