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11) You own a house that you rent for $1,525 per month. The recent appraisal on the house valued it at $258,000. If you sell

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11) You own a house that you rent for $1,525 per month. The recent appraisal on the house valued it at $258,000. If you sell the house you will incur $20,640 in real estate fees. The annual property taxes are $3,350. You are deciding whether to sell the house or convert it for your own use as a professional office. What value should you place on this house when analyzing the option of using it as a professional office? A) $0 B) $232,200 (G) $237,360 D) $258,000 E) $236,000

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