Question: Answer the Question showing work, Thank you so much!!!!! 1. The Harriston City Council is completing selling a buidliing that is currently leased to Dr.

Answer the Question showing work, Thank you so much!!!!!

1. The Harriston City Council is completing selling a buidliing that is currently leased to Dr. Taria Whitley. a loval veterinairan for $95,000.00. Whitley leases the buidling for $900 per month and is currently on a six year annually renewed lease with the optiion to buy the property at the close of the lease for $45,000.00.

Using the present value formula and a 6% discount rate, calculate the total benefit of the leasing option and compare it with the option to sell the property.

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