A B e D PMTA72 APPLIED PROJECT MANAGEMENT 2.3 ASSIGNMENT: WEEK 2 EXERCISES CH. 5 EXERCISE 3 The Munsters have been saving money in order to buy a house. They figure that, given current interest rates, they could afford a 5400,000 home. Before looking at houses on the market they decide to explore the possibility of building a new home. The Munsters figure they could buy a suitable lot for $70,000-575,000. At a minimum they want to build a 2,400-square- foot house. The cost for a house of the quality they desire is 5160 per square foot. MNOTE: Total cost = lot cost + [square footage * cost/square foot) Munsters can afford (given) S400,000 Min lot cost (given) 570,000 Min square footage (given) 2400 Cost to build/square foot (given) 5160 Min total cost (Type Excel f Given this information, should the Munsters pursue the option of building a new house? (Enter response)