Legacy Real Estate Ventures is making a decision whether or not to develop a commercial property they own. Currently, their analysis is based upon percentage of commercial space used. Their property $($before building$)$ has offers for $$1,000,000$The decision is to build or sell. At this time, the commercial building Legacy is deciding to build would provide the company $$29,000,000$ if fully rented. However, it would cost them $$10,000,000$ to build Complete a prior probabilities chart to give management a picture of financial outcomes and decisions. Start your Prior Probability of Rentals at $30\%$Complete this thru $40\%$ Start your Prior Probability of Vacancies at $70\%$Descend this rate and complete this thru $60\%$ At what occupation rate would Legacy require to make a profit? $($Use this as your final answer$)$

Legacy Real Estate Ventures

State of Nature

Maximum Rental Space occupied

Minimum Rentals

Build Commercial Building Sell Lot

Prior Probability of space rented