Question: Total development costs (including sufficient profit for the developers) are $870/m 2 (per square metre). Investors are willing to pay property prices of $22.38 per

Total development costs (including sufficient profit for the developers) are $870/m2 (per square metre). Investors are willing to pay property prices of $22.38 per dollar of current rental income. What is the replacement cost rent in this market?

Select one:

a.

$27.45/ m2

b.

$39.05/ m2

c.

$43.07/ m2

d.

$41.78/ m2

e.

$38.87/ m2

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