Question: Total development costs (including sufficient profit for the developers) are $200/SF. Cap rates in the asset market are 8%. What is the replacement cost rent

Total development costs (including sufficient profit for the developers) are $200/SF. Cap rates in the asset market are 8%. What is the replacement cost rent in this market? Question options:

$20.00/SF.

$16.00/SF.

$12.50/SF.

$10.00/SF.

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