A 30-unit apartment building should last 35 years, when it will need to be either replace or undergo major renovation. Assume the building's value at 35 years will be 10% of its construction cost. Assume it will be sold, and that the land's cost will be recovered in full. If the owner wants a 15% rate of return, what is the required monthly leasing cost for each unit? If turning 2 units into an exercise facility would decrease the vacancy rate by 5%, would that be a good decision