Question: Pulte homes Sheas homes Project I. CASE STUDY No. 1 A local company wants to develop a new 25-acre property in Irish Hills area in

Pulte homes

area in San Luis Obispo. The area is zoned agriculture currently, but

Sheas homes Project

I. CASE STUDY No. 1 A local company wants to develop a new 25-acre property in Irish Hills area in San Luis Obispo. The area is zoned agriculture currently, but the local planning commission is very receptive to developing more housing in this area. See pages 2 and 3 for information on the two development projects that the company is evaluating as models for this new Irish Hills project. Using a 3% interest rate table shown on page 4 answer the following questions. a) What is the equivalent cost in today's dollars of the Pulte Homes project? b) What is the equivalent cost in today's dollars of the Shea Homes project? c) What is the projected cost of the Shea Homes project if it was built in 2022 d) What is the projected cost of the Pulte Homes project if it was built in 2024? I. CASE STUDY No. 1 A local company wants to develop a new 25-acre property in Irish Hills area in San Luis Obispo. The area is zoned agriculture currently, but the local planning commission is very receptive to developing more housing in this area. See pages 2 and 3 for information on the two development projects that the company is evaluating as models for this new Irish Hills project. Using a 3% interest rate table shown on page 4 answer the following questions. a) What is the equivalent cost in today's dollars of the Pulte Homes project? b) What is the equivalent cost in today's dollars of the Shea Homes project? c) What is the projected cost of the Shea Homes project if it was built in 2022 d) What is the projected cost of the Pulte Homes project if it was built in 2024

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