PLEASE ANSWER ASAP PLEASE

Remaining Time: 19 minutes, 30 seconds. . VILLUHAA ILLETutes Question Completion Status: The following cost breakdown is available for a property situated on the Emirates Hills/Dubai: Land 1,080,000 Aed, Digging 68,300 Aed, Foundation 51,250 Aed, Construction 385,800 Aod, Glass faade 47,500 red, Floor furnishing concrete 51,200 Aed, Interior finish 32,900 Aed, Lighting, fixtures and electrical work 55,000 Aed, Plumbing 121,500 Aed, Central NC 100,120 Aed, Parking 28,000 Aed, architect, and accountants fees 330,000 red, Depreciation costs 50,000 Aed. 1. Find the value of the property using the cost (summation) approach 2. Fill in the blanks in the table below (NOTE: Cap rate=NOI/(Property value or sale price) Particulars Apartment under consideration Apartment sold recently Gross potential rental income 300,000 Estimated vacancy and collection losses 15% Insurance and taxes 14,000 Utilities 8,000 Repairs and Maintenance 12,000 Net Operating Income NOI 200,000 Sales Price 2,000,000 Cap rate 10% 10%