2. The team projects that the average sale price of a condo unit in the new development would be approximately $400,000 when the building is completed. Assuming that planning and construction take two years, what is the present value (PV) of selling 75 units for $400,000 each at the end of Year 2? Question 2 \begin{tabular}{|l|r|} \hline Sale Price Per Unit: & $400,000 \\ Total Number of Units: & 75 \\ Total Gross Sales Revenues: & \\ PV of Gross Sales Revenues: & \\ \hline \end{tabular}