A cevelopment has 30 lots that thave been in inventory for four years. The morket will linit sales to six lots a yoar. Lot prices will be stable for three years but then increase by shit peryeat. There are various values on the fots, but the averape market value loday is 548 , 000. The real estate thees are 3200 per lol for the inveniory of previous year. 5 ales cominissions are 3\% of gross salos. Since the lots are niroady beilt, the matkel appeass to be recovering: the ontreprenurial incentive is only 15% of the gross saile price of nach lot. There is $35,000 of deferred maintenance and about 51,000 per year in ongoing maintenance. What is the vatue of all 30 lots todoy if the discount rate is 10% and there is annuat nocounting? Provide estimate to the nearest thousand 5714.000 1837,000 51,543,000 5805,000 $812,000 54.040,000 A cevelopment has 30 lots that thave been in inventory for four years. The morket will linit sales to six lots a yoar. Lot prices will be stable for three years but then increase by shit peryeat. There are various values on the fots, but the averape market value loday is 548 , 000. The real estate thees are 3200 per lol for the inveniory of previous year. 5 ales cominissions are 3\% of gross salos. Since the lots are niroady beilt, the matkel appeass to be recovering: the ontreprenurial incentive is only 15% of the gross saile price of nach lot. There is $35,000 of deferred maintenance and about 51,000 per year in ongoing maintenance. What is the vatue of all 30 lots todoy if the discount rate is 10% and there is annuat nocounting? Provide estimate to the nearest thousand 5714.000 1837,000 51,543,000 5805,000 $812,000 54.040,000