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10 pts Question 5 A national retailer uses 15,000 SF of store space and will use a 25-year evaluation period at a 30% discount rate

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10 pts Question 5 A national retailer uses 15,000 SF of store space and will use a 25-year evaluation period at a 30% discount rate to assess NPV. Assume that the property would lease for $24 per foot (absolute net) with $5 per foot in operating expenses. What is the approximate NPV of leasing?! $1,398,016 $1,447,945 $1,673,653 $1,733,426 $2,077,987

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