Susan is a developer who has located and that she would like to buy and build on. It is currently zoned for four homes per acre, but she is planning to request new zoning. What she builds depends on approval of zoning requests and your analysis for her. With her input and your help, the decision process has been reduced to the following costs, alternatives, and probabilities: Cost of land: 52 million Probability of rezoning: 060 of the land is rezoned, there will be additional costs for new roads, lighting, and so on, of Si milion of the land is rezoned, she must decide whether to build a shopping center or 1,500 apartments that the tentative plan shows would be possible. If she builds a shopping center, there is a 70 percent chance that she can sell the shopping center to a large department store chain for $4 milion over her construction cost (excluding the land cost and there is a 30 percent chance that she can sell it to an insurance company for $5 million over her construction cost (also excluding the land cost), if the land is rezoned and instead of the Shopping center she decides to build the 1.500 apartments, she places probabilities on the outcomes as follows: There is a 60 percent chance that she can sell the apartments to a real estate Investment corporation for $3.000 each over her construction cost there is a 40 percent chance that she can get only $2,000 each over her construction cost (both of these outcomes exclude the land cost). If the land is not rezoned, she will comply with the existing zoning restrictions and simply build 600 homes, on which she expects to make $4.000 over the construction cost on each one (excluding the cost of land) You don't have to use discounted cash flows for any of the following questions 3. What is the expected value for the reconed shopping center of the rezoning cost is included subtracted), but land cost is excluded meaning not part of the calculations? Do not round your intermediate calculations. Enter your answers in millions rounded to 2 decimal places, for example, $8,257,000 would be entered as 8.26. Negative amounts should be indicated by a minus sign son Help Save & Exit Submit a. What is the expected value for the rezoned shopping center, if the rezoning cost is included (subtracted), but land cost is excluded (meaning not part of the calculations)? Do not round your intermediate calculations. Enter your answers in millions rounded to 2 decimal places; for example, $8,257,000 would be entered as 8.26. Negative amounts should be indicated by a minus sign. Expected value million b. What is the expected value for the rezoned apartments, if the rezoning cost is included (subtracted), but land cost is excluded (meaning not part of the calculations)? Do not round your intermediate calculations. Enter your answers in millions rounded to 2 decimal places; for example, $8,257,000 would be entered as 8.26. Negative amounts should be indicated by a minus sign. Expected milion c. If the land is rezoned, what should Susan decide? Build shopping center se & Exit Submit c. If the land is rezoned, what should Susan decide? Build shopping center O Build apartments d. If the land is not rezoned, how much revenue (le, not including any costs would be anticipated? Do not round your intermediate calculations. Enter your answers in millions rounded to 2 decimal places: for example, $8,257,000 would be entered as 8.26. Negative amounts should be indicated by a minus sign. ok Espected value milion cos e. What is the expected net profit of entire project (assuming Susan has a long term perspective and chooses accordingly, including all applicable costs? Do not round your intermediate calculations. Enter your answers in millions rounded to 2 2 decimal places for example, $8,257,000 would be entered as 8.26. Negative amounts should be indicated by a minus sign poledne milion