Please approach the following case study with a blank workbook and use formulas wherever possible hard codes are heavily discouraged. While we at Thea Capital Partners model everything on a monthly basis, everything below should be completed on an annual basis to simplify the process. The project is a speculative office development with two leases. The project features the following assumptions: Project Timing 1. Analysis Start: 12/31/22 2. Predevelopment: 12 months 3. Construction: 24 months 4. Lease