Question: 4 . ) Assume that we have an 8 , 0 0 0 - square - foot metal storage building valued at $ 1 million

4.) Assume that we have an 8,000-square-foot metal storage building valued at $1 million with contents valued at $500,000. We decide to install a fire sprinkler system for this building. The building's property insurance premium without fire sprinklers is $19,900 per year. If we install fire sprinklers, the property insurance premium drops to $5,274 per year. Assume for this type of building and its storage-use occupancy that a fixed fire sprinkler system here will cost $6.30? square foot. What is the payback period (in years/months) as measured on property insurance savings for adding fire sprinklers?
4 . ) Assume that we have an 8 , 0 0 0 - square -

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