5. Developers and authors of feasibility studies have a variety of ways to determine facility value. Which of the following describes the "cost approach?" A. Gathers price data from recent transactions involving sales of properties with similar features B. Measures property value in terms of estimates of dollar outlay necessary to replace land and buildings with similar utility C. Centers around the notion that value is the present worth of future rights to income D. Relies upon speculators who buy and hold dilapidated properties until the market turns positive E. Is a conservative measure for determining current use value of a going concern - 6. If an investor knows the gross cash flow of a property, what is the key bit of information needed to arrive at net income? A. Expenses for the period B. Interest rate for the period C. Depreciation rate over the economic life of the property D. Salvage value of the property E. Original purchase price of the property