Question: Question 2: Lowest Cost Estimation The Munsters have been saving money in order to buy a house. They figure that given current interest rates they

Question 2: Lowest Cost Estimation The Munsters have been saving money in order to buy a house. They figure that given current interest rates they could afford a $400,000 home. Before looking at houses on the market they decide to explore the possibility of building a new home. The Munsters figure they could buy a suitable lot for $70,000-$75,000. At a minimum they want to build a 2,300 square foot house. The cost for a house of the quality they desire is $160 per square foot. Given this information should the Munsters pursue the option of building a new house

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