Question: Total development costs (including sufficient profit for the developers) are $874/m2 (per square meter). Investors are willing to pay property prices of $22.38 per dollar

 Total development costs (including sufficient profit for the developers) are $874/m2

Total development costs (including sufficient profit for the developers) are $874/m2 (per square meter). Investors are willing to pay property prices of $22.38 per dollar of current rental income. What is the replace cost rent in this market? Select one: a. $27.45/m2 b. $33.58/m2 c. $39.05/m2 d. $41.78/m2 e. $43.07/m2

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