13 Check my wort 1.11 points eBook Print References You are facing two options to get value from the property: (1) Continue to own the building and reap the benefits of those growing cash flows. (2) After some needed updates, convert the three apartments and the retail space into condos. This is a creative way to sell off the various units separately. The expected cash flows from those sales are listed below, and it is reasonable to expect the units to be sold, and their sale cash flows to be finalized, at the end of Year 1. An appropriate required return is an annual 9.0%. Assuming all the cash flows mentioned here are net cash inflows, what is the difference between the values (today) of the two options available? (Consider this difference an absolute value, regardless of which option is the higher value.) NET CASH FLOWS FROM CONDO SALES Apartment #1: $250,000 Apartment #2: $250,000 Apartment #3: $225,000 • Retail Space: $420,000 Enter your answer as a regular dollar amount, rounded to the nearest whole dollar. No decimals needed, in other words. Do not enter dollar signs, commas, or percent signs. If these are added by Connect, that's fine. For example, if you calculated $1,204.87, you would enter 1205. Or if you calculated $187,229.17, you would enter 187229. Fill in the blank