Business, 16.12.2019 21:31 joshlynn52

Professional properties is considering remodeling the office building it leases to heartland insurance. the remodeling costs are estimated at $2.8 million. if the building is remodeled, heartland insurance has agreed to pay an additional $820,000 a year in rent for the next five years. the discount rate is 12.5 percent. what is the benefit of the remodeling project to professional properties?

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