Question: 3. Cost Benefit Analysis Calculation. 3 points. The property manager of a 30-unit apartment building is contemplating adding laundry machines to all of the units.

3. Cost Benefit Analysis Calculation. 3 points. The property manager of a 30-unit apartment building is contemplating adding laundry machines to all of the units. Current rent for all apartments is $800/month. The property manager estimates they could increase rents to $815/month if they had laundry machines. A washer/dryer combo costs $850 (including installation). The owner's cap rate is 8% and the apartment building is 90% leased. What is the payback period? I What is the increase in property value? Should the property manager recommend this project to the owner? Why

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