This test does not allow backtracking Changes to the answer the submission we prohibited Your answers are saved automatically Remaining Time: 1 hour, 52 minutes, 45 seconds Question Completion Status: Moving to the next question prevents changes to this answer Question 2 sos Save an Armor Investment Company is considering the acquisition of a heavily depreciated buildingon 10 acres of land it expects to rent the building as a storage facility and expects to collectcash flows a 100.000 next year. However, because depreciation is expected to increase Amor expects cash flows to decine at a cate of 4 percent per year indforholy Armor expecto con non vestment fun 13 percent a What is the value of this property b. Assume that after five years the building could be demolished and the land could be redevelopedwith a strip retail improvement. The latter would produce NOI $200.000 per year grow pencer per year and cost $1 million to build Investors currently earn a 10 percentIRR on such investments How would this affect your estimate of value in an For the toolbar, press ALT+F10 (PC) or ALT.FN+F 10 (Mac) Anal V3 (12) T-E. E- 1 Pathp Question of 33 2020 Moving to the next question prevents changes to this answer THUNDEROBOT of a heavily depreciated buildingon 10 ac ciation is expected to increase Armor expects cash flows to decr uilding could be demolished and the land could be redevelopedwi currently earn a 10 percentIRR on such investments. How would ALT+FN+F10 (Mac). T :) ABC 22 s changes to this answer. This test does not allow backtracking Changes to the answer the submission we prohibited Your answers are saved automatically Remaining Time: 1 hour, 52 minutes, 45 seconds Question Completion Status: Moving to the next question prevents changes to this answer Question 2 sos Save an Armor Investment Company is considering the acquisition of a heavily depreciated buildingon 10 acres of land it expects to rent the building as a storage facility and expects to collectcash flows a 100.000 next year. However, because depreciation is expected to increase Amor expects cash flows to decine at a cate of 4 percent per year indforholy Armor expecto con non vestment fun 13 percent a What is the value of this property b. Assume that after five years the building could be demolished and the land could be redevelopedwith a strip retail improvement. The latter would produce NOI $200.000 per year grow pencer per year and cost $1 million to build Investors currently earn a 10 percentIRR on such investments How would this affect your estimate of value in an For the toolbar, press ALT+F10 (PC) or ALT.FN+F 10 (Mac) Anal V3 (12) T-E. E- 1 Pathp Question of 33 2020 Moving to the next question prevents changes to this answer THUNDEROBOT of a heavily depreciated buildingon 10 ac ciation is expected to increase Armor expects cash flows to decr uilding could be demolished and the land could be redevelopedwi currently earn a 10 percentIRR on such investments. How would ALT+FN+F10 (Mac). T :) ABC 22 s changes to this