As the asset manager, compute the minimum bid price for the land (round up to the nearest hundred thousand) to achieve an internal rate of return not less than the MAS core inflation rate of 3.0% to 4.0% using the discounted cash flow analysis

Total Site Area (m2)	12,245.10
Maximum Site GFA (m2)	68,573
Estimated Commercial Space (m2)	750
Estimated Housing Units	790
Estimated Residential GFA (m2)	61,041
Commercial Construction Cost	$2,025,000.00
Residential Construction Cost $	$196,686,700.00
Total Construction Cost $	$198,711,700.00
Total Sale of Residential Units $	$1,839,703,346.50
Total Sale of Commercial $	$33,825,791.37
Total Cash In $	$3,837,853,397.94
Total Cash Out $	$176,632,622.22