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32 An investor is considering buying some land for $100,000 and constructing an office building on it. Three different buildings are being analyzed. Building Height

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32 An investor is considering buying some land for $100,000 and constructing an office building on it. Three different buildings are being analyzed. Building Height 2 Stories 5 Stories 10 Stories Cost of building (excluding $400,000 $800,000 $2,100,000 200,000 300,000 400,000 cost of land) Resale value of land + building after 20-year horizon Annual net rental income 70,000 105,000 256,000 Resale value considered a reduction in cost-not a benefit. Using benefit-cost ratio analysis and an 8% MARR, determine which alternative, if any, should be selected

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