Use the information given below to answer the following two questions:

building size: 15000 sqft

total replacement cost new: $150/sqft current multiplier: 1.01 local multiplier: .98

effective age: 3 years total economic life: 45 years

land sze: 2 acers land value: 250,000 per acer

Using the age/life method, what is the opinion of site value via the cost approach? (round to the nearest $10,000)

Group of answer choices

$2,080,000

$2,610,000

$2,580,000

$2,330,000