Question: answer is 10,540,000. How do I get this answer? on 39 2 out of 2 points Construction Finance (Building size: 70,000 square feet. Land Costs

answer is 10,540,000. How do I get this answer?

on 39 2 out of 2 points Construction Finance (Building size: 70,000 square feet. Land Costs 2,000,000; Hard Costs 7,000,000; Soft Costs 1,000,000; Developer Fee 6% of hard costs, Equity Return 18%. Construction Loan Amount 7,000,000). What is the total project cost including return to equity? Answers 10,540,000

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