Question: $ 4 million over her construction cost, which excludes the land; and there is a 3 0 percent chance that she can sell it to
$ million over her construction cost, which excludes the land; and there is a percent chance that she can sell it to an insurance company for $ million over her construction cost also excluding the land If instead of the shopping center, she decides to build the apartments, she places probabilities on the profits as follows: There is a percent chance that she can sell the apartments to a real estate investment corporation for # each over her construction cost; there is a percent chance that she can get only $ each over her construction cost. Both exclude the land cost.
If the land is not rezoned, she will comply with the existing zoning restrictions and simply build homes, on which she expects to make $ over the construction cost on each one excluding the cost of the land
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
