You purchased a building 5 years ago for P 5M. Its annual maintenance expense has been P 250,000 per year. At the end of three years, you spent P 450,000 on roof repairs. At the end of 5 years (now), you sell the building for P6M. 

During the period of ownership, you rented the building for P 500,000 per year paid at the beginning of each year. 

Use the AW, PW and FW in your solution evaluate this investment when your MARR is 12% per year. 

Answer rating: 100% (QA)

Step 1 MARR MARR stands for minimum acceptable rate of return and ... View the full answer