Question: A real estate developer plans to construct and then rent a 15-unit oftice bulding. The construction costs will be incurred immediately and afe expected to


A real estate developer plans to construct and then rent a 15-unit oftice bulding. The construction costs will be incurred immediately and afe expected to be $600. The for the office bulline usine a renuired roto of roturn of 7.550% Your answer should be in the form of a number and should not include a percentage sign. For this calculation it is best to include more than 2 decimal points, fuch as expected to be 5500 The annuat cash fow on all unts is expected to be $110 starting in one year and continuing for a fotal of 3 consecutive years. Calculate the proflabaty index 2 decamal points, such as an answer of 0.935 nstead of 0.93 or 0.94
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